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)

Free
Message: Re: A lot of this could have been avoided..... sumforall

you're statement:

I can't say that this is what they will do, but based on ARU and their quick PP I'd say they are looking to move very quickly to make profit. I don't think they are interested in holding long on their investment and watching their principal drop to the basement

My take is a little different:

They sold ARU after a 4 way split or an equivalent of $20.00 / share, not $4.00/share.

ARU had (ecuador mining still has!) serious politcal threates on her back.

Also, based on what we appear to have here, I would say $4.00/share was just the beginning. In fact, at that point in time, when we hit $4.00, momentum will be with us and we should be moving up pretty fast. Not sure where they would find something 'better'.

And I don't understand the idea of their principal dropping to the basement.. is that where we are headed in the long run?

Let the debate continue!

Cheers

BK



Share
New Message
Please login to post a reply