Wes's answer edited from the FP article.........
RW: How do you think this announcement today is going to affect your share price?
WH: That is a more difficult thing to try and predict. I mean the markets in North America have certainly been flat lately and not a lot of interest. Nickel is kind of the Rodney Dangerfield of metals right now; it’s not getting a lot of respect because prices are down from their all-time highs, rather significantly. NOT has got no respect from the markets.
Again, we do have one of the few new nickel-sulphide discoveries in the world today. It’s a very high-grade deposit, and it has great potential upside, but we’re in the process of converting from an exploration company to a development company, and we’re in that area where the higher-risk investors aren’t interested in our play because we’re not involved in on-the-ground exploration, and we’re still too early for the investors who are looking for less risk and more stable investments because we don’t have permits in place, and we didn’t have our feasibility until today. Where's the "muskeg" reference, WES!
The feasibility study kicks off a new period of investor changeover. Our changeover plan has been totally transparent! This is our first step in becoming a more viable investment for investors looking for more stable investment opportunities that offer excellent returns over a longer period of time.
As you get more certainty in terms of participation in the road and how that road network will be structured and what the government participation will be, what Cliffs participation will be, and once you get your permits in place and start to demonstrate to the marketplace that you have funding to allow you to advance the project in terms of construction, then you’ll see an increase in value in the share prices and generate some value of our shareholders. Of course I will be loaded up after the next PP at .35. It will be a long silent winter at camp this year since we are not an explorco any longer, we are a "sit on our laurels company" with 11 million cash on hand...no need to be blindly plunging drill core (way) up there.
LOL,
mynot
