gave some food for thought on the other forum. Here is a thread:

posted by lor:

Question for the board, if this statement is true,
"So until the 'deep' rig shows up on the property holes and info flow are going to be slow. We will be lucky to see 4 or 5 1000m holes per month."
Would money be better off invested else where for the next couple of months or the ASSAYS results we're waiting for will move NOT's SP higher? Thanks

Response by Rosedale:

Deep rig cannot be assembled till after freeze up.

Other 3 drills can drill 1200M total, so will attempt to intersect E1b and C as much as possible in the interim.

E1b will most likely be defined, c may take more work.

As for money working elsewhere, really depends on whether you think the present share price values in the size of E1b and c

Posted by kfttfk:

Rosedale, I'm curious what you think as well as others..

Response by Rosedale:

If as has been suggested they've hit 3x E1 I have a base price of $4.00.

This is what I think it is safe to buy up to when you factor in trailing Ni and Cu prices and 10% in situ valuation of the resource.

I have added nothing for Vanadium or Chromite as I am not sure how I or the market is to value this without more direction, though I believe it does have a marketable value once Nickel has paid for the infrastructure.

I think the market price will go higher than $4.00 - this is my base price and the reason I continue to hold - if the above tonnage is proven, excepting any worldwide financial disasters in the interim.

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That Rosedale sure is a pumper eh. LOL

Cheers,

Milsy1