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: Insiders???

I've followed NOT for several years now...Got out a couple of months ago thanks to a well timed stop loss order.

There is a disconnect I don't understand. It seems clear to me that there is great upside potential...the mineralization is there, the interest in ROF is high in both government and private sector, and it seems likely that the infrastructure questions are being addressed.

I check the insider reports and find that most insiders hold few or no common shares (lots of options). Further, at a time when the sp seems to be at bargain basement levels, insiders are selling. This raises a red flag for me.

Any comments or observations?

Oscar's Dad

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Dec 31, 2010 09:58AM
6
Dec 31, 2010 10:28AM
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