Dead stock ?

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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praesens

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Dead stock ?

posted on Nov 29, 2010 11:21AM

Deep drilling was done to maximize tonnage, to add value, to find the mother load.

The result is a big fat "nothing".

But there is very little disappointment on this board.

Are we all so hardened by NOT that no news and bad news seem to be the same ?

Some posters here try to read something positive out of this release. Understandable - but ...

The only hope is AT 12. This will last. Drilling to begin mid january. IF no further problems occur. Natives, mild climate, ... Means drilling results maybe end of march. 4 months from now. A long time to go.

On the other hand: Remembers me to Sabina Silver. Exploring Hackett River. World class deposit. But in the midst of nowhere. Nothing further to do, just waiting for someone building an all weather road.

In a news release they stated that they would like to be and to be realized by the market as an explorer searching the goods. Not as a company with billions in the ground and no possibility of mining them. And they ACTED that way to be seen as an explorer: they acquired one or two other properties next to Hackett. Drilled and got very good results ! Share price increased from i think +/- .25 $ to +/- 5.00 $.