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: Down more ???

IMHO besides the common delay one major reason on recent decline in sp is the nickel price. Based on current nickel price the NAV decreased to nearly 230 mio.Therefore NOT is trading at 0,3 NAV, which is not that cheap.

feel free to correct me if I'm wrong.

have a good night

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