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: Bad Timing

Re: Bad Timing

posted on Oct 28, 2009 05:13PM

I got a revelation today as well. That is hold a bunch of cash for now, and invest in the winner if there is one. What we all really need is a continued flow of resource demand to drive investment into the sector. Then, we all look good sooner . Until then, keep some options open. It remains very favorable to NOT if CLF were to take out FWR. The negative scenario is FWR rejection with no counter by anyone. But the really negative scenario is too little economic growth to support development of these deposits. That is where we are sitting today. These are all great companies , the question is who and when will any money be made. Not looking as good today.

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