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: So this is what I really think...
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Jan 28, 2009 03:26AM
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"The BOD is in the same boat as you. All the larger holders, such as "the funds" are also. They can push this thing short term, maybe get a buyout for 2 or 3 dollars and where are they. They made a small gain and now have to look for somewhere else to do their thing. But there is nothing else out there that has the same porential as the ROF."

This is a compelling point from Khareema which makes a lot of sense. I am of the opinion that, obviously, the BOD will want to make money. It is true that the ROF is unquestionably the most exciting thing on the block and has staggering potential for profit. No doubt our BOD knows this. One variable that determines what they will find acceptable for a sale price will be the economic conditions. No one knows exactly what is coming or what circumstances will occur to bring about a higher or lower price, so we wait for this. We won't know what issues/considerations/concerns on a "micro or macro" level that the powers that be will have to deal with to determine whether they move sooner or later. They will look for the best buck at the time they feel they need to make a move. We have the funds to drill for some time to come and some time I think to develop the prospects and check out the suitors. We'll know what we know when we know it.

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