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: Increasing Volume is Key!

Increasing Volume is Key!

posted on Dec 16, 2008 02:14PM

It has been a long time coming and thank goodness, but the past couple of days we experienced some strong positive price action on increasing volume!!! The volume is the key to support the move as it confirms the move up with an expectation of something yet to come. I have read all the rumors and who knows, but usually there is something to these rumors as to a potential reason for the increase. We stopped short one cent, of the 50DMA (.76) which is resistance and IF the rumors are true one would expect resistance to become support. Also, it appears the our mirrored friend BMK, is behaving in the same fashion as usual and supporting the same move up with very impressive volumes. I have said it before but without volume the increase or decrease in SP do not mean much and that is not the case with either NOT and BMK. Lets see what tomorrow brings.

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