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: No drill results and consequences.
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Jun 12, 2011 08:26PM

"So to say that the sp should be this low without, or much delayed, winter drill results ( Not to insult anyone ), is plain hog wash."

I would concur with this statement. We have a defined resource worth a significant amount of money. Infrastructure makes it retrievable. To say the price should go down without further assay reports is manipulation. As has been said by another trading guru, "people trade what they believe", so make the people believe something and they'll do exactly what they are lead to do. This is why we have the ebb and flow in the market. A bunch of talking heads say this is what is happening and the herd runs in that direction, someone else does the same and they run the other way. I find it laughable how one day they can say market looks down today because of economic worries, then the market sells off. The very next day, and I mean very next day, they say the market is looking up because of economic growth....literally, and then the herd buys back in. It's one of those absurd things that humans do.

"While being disappointed that we do not have the results, I think that talk of selling or similar just based on the low sp and lack of results is pure emotionalism, devoid of objectivity."

Actually I suspect it's a little more sinister than that.

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