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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Price development.

posted on Mar 29, 2010 10:29AM

Edgy,

I for one see the price dev. of what we have in the ground as one of the things to factor in when you do your DD.

Maybe it does not tell us anything about the future price dev.But it sure tells me at this moment Not is worth more than last year just based on what we have in the ground and the increased prices.

Nickel went from usd 4 to usd 10.84 in one year.

Copper went from usd1.75 to usd 3.49 in one year.

Most mines need usd 4 copper and usd 15 nickel to be profitable(depending on grades)Not can do with usd 11 nickel due to their high grades.

So this maybe explains why the interest for the junior miners was so lukewarm.This aside from the atleast 20 other factors influencing the price of these stocks.You are absolutly right that we cannot focus alone on the daily price dev.

I,am not trying to push you over the Edgy here,just my take on things.

Warm greetings,

Inca

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