Re: Share Price

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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khareema

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Re: Share Price

in response to

Re: Share Price

Polylabel

posted on Jan 23, 2009 05:59AM

Share price has always floundered a bit right after news like this. Once the dump is finished, I would expect a move upwards, but like you say, $2 is likely a target, rather than a given.

The question of # of drills appears to be answered. Last news said 2 drills would chase the chrome, and I see they are committing 1 to more drilling on AT12. I would guess that the 4th one is being used on JV as suggested last fall. This does indicate to me that they consider the chrome to be the priority, at least for the short term.