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: Worry about the natives?
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Feb 23, 2010 03:21PM

this management has spent a lot of money on drilling a minimal chromite 43-101 deposit, which turned out to have to seize of a mouse, while the neighbor was watching with a smile on his face, just watching while confidently sitting on an elephant of a chromite deposit.

nickel should have been the focus here and the spending of that money was a simple waste.

it also took a lot of time this 43-101 drilling- which might turn out to have been of the highest importance once the overall markets plummet again.

after that the company tried to take over this neigbor with the elephant of chromite; well that didn't work out as planned, so also costed substantial money which could have been spent on drilling instead, but indeed did gain a lot of attention.

once in the full spotlight again, the company found itself in the middle of a strike that broke loose and muted most (but not all- why are others drilling right now?) of the exploration activity in the area, during the cheapest period of the year, while the management loudly bragged before in the press and on national tv, to have such a good relationship with the natives.

indeed it's about time these guys start to do something good and make us some money.

i hope time will not be too short to do so. they better add some speed before all our shares stay deeply underwater for years to come due to this crisis, which will surely hit hard again.

whatever ir tells you, these are the facts.

cheers.

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