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 have noticed a trend in the posts with regards the future price....

Joe I would most heartly welcome a correction from you if I am wrong BUT I do not remember anyone on this forum saying that our true value is, or that we should accept in the region of 2 dollars for our shares.

As Glorieux pointed out, our share price is in the buck and a half region and while it is common for first offers of a buyout to be as low as 30% I suspect everyone on this forum would only laugh at such an offer.
With our current price, I caution every one that we COULD get an offer with a 50 to 100% premium above our current price. Do not overlook the reasoning for our share price being kept this low. In No Way I, and I presume the vast majority here, would say that we should or could sell to such an offer.

I call such an offer merely a feeler and a catalyst for arguments to be presented to the offerer for an improved offer. Also I believe it is rare ( unless previously arranged through a friendly transaction) that a first offer is usually accepted. Usually a haggling period ensues even if there is no second or more offerers.

Yes I will sell a tiny amount ( probably only 500 shares) in the two dollar range should the price reach there without a buyout offer. Another 500 or 1000 if the price goes above 3 dollars. This only represents my day trading strategy and portion and have nothing to do with a potential buy out.

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