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: TA

I have to say that I feel there's a strong chance of getting back up to the low 40's again within a week. Am I pleased about this? Well, obviously, that increase is good for the portfolio, although I balance that against the fact that I wish the price had stayed low for quite a while longer yet, so I could continue to add to my position.

Considering how we've slowly and steadily increased by over 10 cents in a fairly short period of time, and considering that there are less than 150k visible on the level 2 to get to 30 cents, I suspect we'll continue to rise. As pointed out, people will be buying for TFSA's in a few days. And a close over 30 cents, which is probably fairly likely within a week, will once again attract attention.

But right now, the volume isn't there to signal something big.

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