Re: Getting excited! Aha.
in response to
by
posted on
Aug 29, 2013 05:40PM
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)
There is too much sound resource in the ground for Noront sp to crash, I mean really crash.
What we have been seeing over the last three years or so is a wait and some impatient selling.
That is what drove the sp down, not to mention some opportunism by some funds and relations.
I repeat, when stock price moves it often overshoots in both directions. A wise man hedges his bet and waits for an opportunity. By hedging I mean not going all in or out.