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: Timelines

Re: Timelines

in response to by
posted on Aug 09, 2009 12:37AM

A very "timely" question! Yes, I believe "it's in the ground" and ROF is destined to become a significant, likely world-class mining camp. That could be years down the road, though. But, I was hoping for a continuation of the rapid upswing in the SP in order to be able to partially disinvest before another equities crash, as experienced in Fall 2008. Based on a pretty broad cross-section of financial commentators and my version of common sense, this seems to be a near certainty. Only the timing is obscure, but my best guess, and that's all it is, would be October next. Subsequent to a further crash, I feel recovery may be much more protracted than the last time.

The new talk of "Christmas" or even "Thanksgiving" thus makes me feel uneasy. I would love to hold a substantial chunk of Noront for the long haul and would be quite comfortable with it. But having over-invested for the short term "bang", I will seriously miss it if it doesn't come off. It does appear to me, based on revelations to date, that this stock is substantially under-valued, so that short-term quick appreciaton did not seem far-fetched.

It has been pointed out to me that with the massive around the world governmental stimulation, there is plenty of cash sloshing around to hold up the markets indefinitely. If I was sure of that, it would be so nice to sit back and relax as the values in Noront are unfolded PR by PR. Strictly my layman's perspective. GLTA.

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