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: rim and not
10
Dec 12, 2012 06:32PM

keegann, I feel now the meteoric rise of NOT to +7 was a feeding frenzy based on comparison to the Diamond Fields find and the belief that like Diamond Fields we had yet to find the mother lode....remember the "upside down" elephant? That belief was pushed by many including the management at that time. Whether "money" felt they had been duped or "money" felt they were going to lose "big" or "money" felt they could better get at the truth, the ensuing poking and proding and spending to go down deep until the truth could be found helped to reduce NOT as an investment to a joke. In the wakeup, it was too small, too isolated, and as the world fell apart so did NOT. Meanwhile, chromite became the actual "elephant" and FWR's world class "elephant" got sold for peanuts.

I am talking about perception. It is incorrect. The Nickel is big enough: "money" now knows this. Government now knows this. Our timing is off though. Therefore the games, and the erosion of the share price. I think there is lots of story left in NOT, a good story if we are patient enough. and allow it to unfold. The fat lady has yet to sing.....:).

At present, I am not buying. I am holding. When and if NOT really takes off, and shakes off the bottom feeders, I will begin buying again. Not til then. I expect it to happen.

dunno when....:)

vermillion

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