Too Much Upset
posted on
Oct 02, 2009 04:39PM
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)
Just a few thoughts on NOT.
We have gone from .43 to 3.10 and a pullback to l.58. Does this not seem reasonable?
Instead of worrying, why not look at this a little more positively. Our gain was mostly based on rumours. Our pullback was based on expectations that were too high based on the rumours that did not quite reflect the NR.
But, only a small portion of the drilling has been done. And, they know where to drill. And, drilling they are. The next move up I hope will be on real solid drill/assay results.
A lot of people seem upset that NOT has downplayed the Chrome. But, really, have they? Why were they in South Africa? Not for a tan. Also, a concern that they are behind the eight ball on infastructure, ie, railroad/road. I'm not worried about that. Not will get to use either. That will be worked out. They are busy drilling. That is what they should be doing right now. The more they drill, the closer they get to what they have.
The ROF is a puzzle. All the parts have to come together. No one co is going to be an ultimate winner. There will have to be some amalgamation, and there may/will be more than one mine.
Finally, regarding the AGM. The Proxy fight was glorious to see. But, all the turmoil did not help our share price. I think we should be careful and thoughtful about what we post. Ugly posting does not help us at all.
I believe Wes will take us to where we all want to be. I believe NOT will get there. I believe period.
Have a good weekend. And remember, you have all done your DD. Don't get negative now. Remember, you get what you ask for.
Vermillion.