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: Re: I might be crazy
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Nov 10, 2009 06:40PM
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Nov 11, 2009 08:26AM

Storm: That is where the misvaluation creeps in.
You are actually trading $0.26 shares for $1.60 shares at a 4:1 ratio.
That 50 cents you are using consists of 24 due to the offer, so it is improper comparison.
It is equivalent to using the $2.80 price from the recent financing for Noront.

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Nov 11, 2009 11:55AM
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