Re:The case for $20 per share by a Perma Bull-& a repost of mine explaining size

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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Francis Dube

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Re:The case for $20 per share by a Perma Bull-& a repost of mine explaining size

in response to

Re:The case for $20 per share by a Perma Bull-& a repost of mine explaining size

herbertwiebe

posted on Aug 03, 2009 01:11AM

For the record, I believe we need to keep expectations on assays reasonable. 437 meters is a very long intercept. If this whole intercept is 1% or higher, we have something good. 1.5%-2% which is my guess will send us up further, closer or even higher than $5. Anything higher than 2% and especially over 2.5% will be phenomenal for the entire length of the intercept and will send us quickly to a new all time high.

Of course I expect some sections to grade 5% and more and that will be great to see but I want to see the average mineralization for the whole length as this will really give us an idea of what we have!