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: big blocks

big blocks

posted on Mar 31, 2010 10:09AM

I look at those big blocks at 1.70 and 1.75 and can't help but think that is where we are headed sooner rather than later. We have seen these walls at 1.50, 1.55, 1.60, 1.65. Kind of odd don't you think? Once the pressure built we took them all out in a blink of an eye. IMO these blocks would not be up if these people thought there was no chance they would get filled. The shorters have found a new game (pinning the bid) so let them have their fun, we all gotta make money somehow. But every time they pin those shares go into stronger hands. I think we have solid support at 1.60 for now and when we double our resource down to 2K and beyond, we should be in 2.50 range for sure until the first buyout offer comes within 18 months (my prediction).

Good Luck

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