HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Can you help me find my cycle?
Where do you think we are in the cycle? Looks like #4 to me, with the added weight of the gerneral stock market crash which has taken us down a bit further then normal. In a neutral market we would be @ $3.00 - $4.00 today with a bright future, if a patient one, ahead of us.
Of course if we hit another rich area of nickel and/or chromite and/or gold, which we all anticipate, then we should climb back to 3 again. I expect that in the ROF we will vacillate back and forth between 3 and 5 for years to come.
I think windfall and the ROF are in similar stages. Discovery has been made, now we are confirming the discovery and looking for more.
BK
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