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)

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Message: Re: Lassonde & McEwen are leaning toward Rosseau? Overly Optimistic
4
Oct 22, 2008 09:36AM

Let's say that Sprott etal bought 100,000 shares @ 4.50

Total cost $450,000

Now they buy 400,000 share @ 50 cents

New money $200,000

They now have 500,000 shares for total cost of $650,000

Their average cost is now $1.30 per share, not $4.50

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