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)

Free
Message: TA and some random thoughts

First off, I wish George's family and close friends all the best, judging by the man we knew from agoracom, I can only imagine the void he will leave. Incredible savvy, sharp, tell it like it is, fellow. R.I.P. Khareema:(

From a technical perspective, here are noronts numbers:

20ema: $0.51

50ema: $0.45

200ema: $0.34

As we all know, NOT is firmly entrenched in an upward cycle, one that I believe it won't surrender for a very long time, probably clean through to production. JMO. As i've expressed in the past though, some don't actually understand what that means, they're under the impression that if a stock gives up a few pennies that the upward momentum is gone. Nothing could be further from the truth, time horizon is what every investor should consider. For me personally, until I see the 200ema breached, I won't be at all concerned. If you're a flipper, maybe use the 20ema as your buy and sell triggers. Lately, noront has textbooked the 20ema to a Tee. If one is inclined to play noront, I guess nabbing a few at the 20ema range might be prudent, but if we spend any significant time below that marker, exiting your position might be wise to wait for entry at, or below the 50ema.

I mentioned a couple of weeks ago that I thought nickel could easily take out the $8 range, well, here we are. I haven't ran the numbers, but, for once, it seems Ni will spend some long term time in the sun. Can only help noront.

Budget budget budget, this is the next, and by far our biggest catalyst. It's basically what we've all been waiting for, other than the inevitable financing that will follow. I still hope management dumps off the chrome to limit the obvious dilution we will incur building this massive mine. There is more than enough at eagles nest and our remaining, un-touched, un-explored land holdings to warrant huge ROI for all, without the chrome. Years after the discovery, I still can't wrap my simple mind around the chrome, other than the obvious strategic value of it. However, it's only strategic if it's consolidated, so from my standpoint, dump it off, limit financing dilution, and move forward with the nickel and more exploration. Some won't agree with my thinking, but consider the distribution of the chrome before you rip down my thought process. Which would you prefer, hundreds of millions worth of something that you can unload quickly, or billions worth of something that will take a lifetime/s to move? I like longterm thinking, but the chrome timeframe is just too much for this guy.

Good luck folks.

djje

Share
New Message
Please login to post a reply