Sorry, but pls bear the repeat

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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bettzie

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Sorry, but pls bear the repeat

posted on May 22, 2010 04:36PM

I apologize for the repost below from February this year but it remains true. The suggested sale price of $1.20 remains intact short term IMO.

Certainly a whirlwind of activity of late in the ROF with additional reports released, "negotiations on access", takeovers, drilling and posturing. I read daily posts with usual interest while continuing to observe the emotions associated with swings in the SP. With reluctance I remind everyone about the length of time involved in bringing a potentially massive mining operation on stream having only to look back in history at Voisey Bay for evidence. 12 years from discovery to production and yet the ROF is actually moving significantly faster than did VB given the vast number of exploratory projects and participants.

Recommended "buy" positions are long range friends, this is NOT an overnight $10 stock (although it was once $7+ I realize.) The market at that time was overcooked, pre-recession and everyone thought there was no end to it. Times have changed, the market is NOT the same, caution prevails at every turn and proven resources have been logged and factored in. Many hundreds of examples exist where stocks that were once $10 are $5 now even with improved financials from the days of $10. NOT has a long way to go as does the entire ROF, this is years away. Buy when you're comfotable and lock em away for retirement unless of course you're looking for the fast $ given which you will enjoy these opportunistic swings. $1.20 is as likely as $2.10 short term so put the emotions aside. TOO many "all ins" by the looks of some posts which is unfortunate when revenue is years away. NOT will continue to be a "recommended buy" in all liklihood but it is recommended as a buy not a "hurry up dummy before its too late". It will be $2 again then $3 and $4 and $5 and $10 but investing is all in the timing.

Do the math on whats in the ground and it is highly impressive. Hoov and others have detailed that. But for now, that's where it is......in the ground.