Re: Editorial: The Cliffs Notes on the Ring of Fire

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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khareema

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Re: Editorial: The Cliffs Notes on the Ring of Fire

in response to

Re: Editorial: The Cliffs Notes on the Ring of Fire

Edgy

posted on Nov 28, 2013 10:06PM

Some very interesting numbers being thrown around here. 60 cents, short term (three bagger+), and six dollars soon (30X present SP). ??????

When this share price went to 7.43, it was based on the hype that we had found the second leg of the so called elephant. and we had 65 mill shares outstanding.

Today, we have only the one leg of that elephant, allbeit a long one, 4 times as many shares outstanding, and are seeking a set of circumstances that can allow us to proceed toward production.

This road to production, once it does start, is not typically known to produce multiples of share value. In fact the share dilution that is often required, could mean further share price deterioration. The possibility of a run to .60 is probably reasonable over time, but anything further in todays climate is baseless. I'll take it, if it comes, but am not going to plan my short term future on it.