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: My thoughts, FWIW
30
Sep 09, 2010 10:56PM
21
Sep 09, 2010 11:59PM

We may forget the other deposits at times but the company has not. They are merely concentrating on the most valuable one of the bunch.

Consider the possibility of them diverting drilling expenses on the gold or vanadium deposits, if one knew what we know now, one would be all over the company for wasting dollars on interests having low rates of return on investment.

Eagle 2 as we now realize is border line economical while AT12 is a bit above. Why would we want these to be drilled out now when we have a darling deposit where the potential profits should be very high.
I am of the opinion that the deep drills are the best bet for adding value, next are the
'promising' targets in the neighbourhood of Eagle's Nest.
Why would we want to spend $s on the others today? Later on of course.

It is no accident that we have been categorized as a Tier 1 company. TMX may be slow but it does come around to our view eventually.
Cheers.

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