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: Waiting for news

May 08, 2010 02:04AM
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May 08, 2010 09:27AM

May 08, 2010 10:47AM

Anyone who thinks we are about to get some great news anytime soon needs a reality check. Rather, what you should expect is that the stock price will go up .....on no news....then speculation on why it's going up ....perhaps downplayed by management......then retail finally decides to get in on the speculation as current retail investors tell all their friends and family about how something great is about to happen and point to the stock chart that shows a great gain with news pending.....then, the news comes that everybody is waiting for....and it's good or even great news.....and then...we all know what will happen then.

Nothing has changed....why should we expect anything different.

Consider this...

Insiders buying. If great news came out now....would it not appear that the insiders reacted on insider information. Conclusion.....no great news for some time now....but, that does not mean the stock price will not go up anytime soon....just that we won't know why it's going up.

Also....anyone wonder why the insiders are buying on the open market....rather than, say, getting in on the PP. The numbers are certainly not significant by any means and I am suspicious of their intent.....is this a legitimate investment or part of the game....and if part of the game; what signal are they sending...perhaps they remain optimistic in spite of the decline in the share price....or....perhaps that could be the justification now for the big houses to load up....to suggest they got in big now due to insider buying....and not because they are privy to anything else.....that would work.

News will come in due time on the JJJ gold deposit..on current drilling...assay results...and on the iums. Cores are now coming out of the ground which certainly must show something...but without actual assay results; how would they know for certain if those 100's of meters of semi massive to massive sulphides mean anything.....and all the ground geophysic work and the ZTEM....ect.....but, we must beleive they all know nothing....otherwise, there could be no insider buying.... The insider buying suggests they don't know the results......so then why would anyone else for that matter.....they could certainly suspect something good is coming....that would be ok

Imagine to....if they don't fully fill the PP....what kind of a signal that would give to the market...perhaps a big sell off by retail because of the apparent lack of confidence of the big houses....but then....who would be the buyers....perhaps even more favorable than the PP itself; if not in price, then in volume.

Bottom line....my opinion...opportunities continue to exist for those willing to buy/hold when things don't look so rosy as long as they are willing to take some profits when it looks like things can't possibly go wrong.

As always...these are my opinions only....do your own DD

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May 08, 2010 12:02PM
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