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: Re: Advice...
7
May 07, 2009 08:26PM
23
mgb
May 08, 2009 06:58AM
3
May 08, 2009 07:09AM

Hi Poly

You mentioned..."When 'economic' is proven or close to being proven we'll see much higher share price, how high depends entirely upon what is proven and how much a major is willing to pay. Could it be $6? Of course but could be $3 or $10"

Agreed, and if we want a better chance of hitting the $10/share, we need to get past this economic mess. Maybe it's a good thing NOT is drilling all they can right now to get a better understanding of the geology, so if they do find the Ni eventually, it will be during better economic times and we'll get more bang for our buck.

Don't get me wrong, I certainly wouldn't turn down assays similar or close to DE1 right now! But I do feel NOT then runs the risk of being taken out or sold at an under appreciated share price if they hit now. I don't want to sound like a pumper here and coming up with excuses as to the advantages of not hitting Ni (that would be crazy, there are no real advantages of not hitting Ni right now)...but I can live with the delays in finding Ni right now because of this economic mess we're in.

Sometimes I feel as though I'm talking out of both sides of my mouth.... :) Guess I want my cake and to eat it as well.

Cheers,

MGB



16
CMP
May 08, 2009 08:38AM
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