With all the optimism why...
in response to
by
posted on
Jul 11, 2009 04:26PM
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)
...would anyone sell. First let me say that I have complete faith that hole 49 is going to be similar to the results alrerady doccumented for Eagle 1. However with all sincerity I am very confused with the trading pattern since the June 29th NR.
If we assume that institutions are more in the know than retail why would we see such heavy selling. Could it be that these shares are just changing hands?
Considering that Eagle 1 is only 225 meters in depth why would the market not be reacting positively to the news of over 400 meters of most likely the same nickel grade? Especially when considering that the November/08 hole of 28 meters @ 300 meters below Eagle 1 was an average of 4% Ni.
Thanks in advance
Sitler27