Re: Over drilling! - Don
in response to
by
posted on
Jan 27, 2009 01:31PM
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)
Given the Global Banking MESS it seems more likely that the Current BoD, or half it, at any rate, have SELL in mind. BUT they are looking to make it a SELL only after their Owners/Masters feel more confident on what the Global Market Place will look like going forward. Should the Global Banking Failure have have to be admitted and a very long rebuilding of Financial Institutions become the NEED then the "Go It Alone" option will be our best alternative for real NOT Value Maximization.
Should the Global Credit Mess REFLATE and be able to keep it's self Reflated (even if only to get tangible asset valuations back to where they were 12 - 18 months ago) then the Global Banking Crisis will fix itself and the current BoD (or half it at any rate) will be likely be eager to do a sale.
What they face in the mean time is what to do in terms of Exploration. What will be the best plan of action to keep interest and value in this company from getting too intense? But at the same time keep the SP snd consequently Public Interest to a minimum so as to allow their Masters/Owners to be seen doing a good deal for ALL Share Holders if and when they are ready to DEAL.
The best we can hope for as Share Holders is that there are several Interested Groups out there looking on, and developing their own plans as to what to do, if anything, should any of their competators attempt, or be attempting, to get a healthy Foothold in either NOT and or any other Property Holders in close proximity to NOT and the RoF.
Other than the above, I am now expecting but some periodic moves in the SP while the BoD and Makor on-lookers do their silent internal Dancing, be the Dance for Rain or War.
And OUR BoD has the Exploration Activity and Retained completed Assays as their Tools to be applied as they so desire.
Though not necessarily being made public nor explained in unbiased ways, the Exploration can be conducted such that they, the BoD, get increasing understanding of What is Where and What may be or not be What, Mineralization wise. Our BoD then, also have the Retained and Subsequent Exploration Assay Result to guide private actions as well as Public REACTION whenever they deem the existing need desirable.
As Investors, Retail as most of us are, we are now dependant on the competance and decency of OUR BoD. On THE FACE OF IT, we have to have confidence and trust in OUR BoD to do for ALL Share Holders what is best for ALL Share Holders.
Our BoD can help themselves as well as ALL the Companies Share Holders by learning to be better communicatiors. Ice chewing IR and Hot Buttery mouthed Co-CEO's are NOT a good start in BETTER Communication. May be only style (or typical snake oil variety of such) but Cookie Cutter Communication is NOT what this group of Share Holders have been acustom to.
We may NOT have a problem with all this, but NOT looking to be lulled into being Blind AND Stupid lackies either.
Old Joe