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: What they are not saying
26
Jul 01, 2009 02:10PM
12
Jul 01, 2009 02:59PM

A very good discussion topic. There is so much information there and yet so much missing. Is this a positive or a negative? Possibly, if all the information was available, and we all were privy to it, we would all come to the same conclusion respecting value, the SP would be at a preset level, and there would be no upside (or down), and hence no market.

My view on the present is that we now have 3 stones (eagle1, plus 2 more hits of similar length). There are 4 sides to each of them, L,w,h,grade. We can only see one side (length). We also know that all 3 items were created at the same time, in exactly the same environmental conditions. We have to decide if all sides are the same, or do they differ? Which does one pick (the same or different)? That is the stock market.

If one is fortunate, one does do not have to make that decision today. Tomorrow, or next week, we will get another peek at maybe one other side of the stone, which will give us a better shot at guessing correctly. Maybe next month we will get a look at the third side. Whether one buys, sells, or holds at each of these times will determine whether there is a profit at the end of the day.

We are all gamblers here, to one extent or the other. How would one like to play. If we have 99% of the information at our fingertips, we are probably playing for a 1-2%gain.If we have limited information, but a bunch of capable readers with the willingness to share their opinions on what that limited information could mean, we have a shot at gains that will number in the hundreds of %.

Regards

K

2
Jul 02, 2009 03:06AM
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