Easy there minespec....... settle down my friend. Its great to play the devil's advocate now and then, but you need to remember that you are talking to individuals that have watched this thing develop for many years. These individuals have pored over every drill result that has come out in that time period, read through each MD&A, and have done extensive DD. The recent technical report that came out is merely confirmation of what we had anticipated, but its only the tip of the iceberg. It could easily be confused as the final product as it is very well done and very well detailed. However, as tantallon & others have detailed, it is missing the key ingredients (as far as your s/p issues are concerned) which are being finalized as we speak (I hope!).
The other issue, which has been covered here ad nauseum, is the communication issue. If you find a billion dollar diamond in your back yard and merely hide it in your mattress, you will never get a billion dollars for it. It does appear that randy has consistently kept in touch with the majors (hearsay) but for all intents and purposes has just as consistently alienated his stockholders. Having said that, there may be (in randy's defense) a rationale as loose lips sink ships, but that is rash speculation on my part. As I've said earlier patience is warranted at this point, as we now approach critical mass. Once the final NI43-101 is released to the public which should include the resource calc, management will need to sell it or do something with it to "unlock its value". I assume (hope)this marketing effort has been in process for some time.
Management has gone out of its way to underline the fact that this thing is way undervalued. They have instituted an NCIB which they have implemented. They have hired Clarus now to help them fight off a potential hostile takeover, which is not something you do if you are overvalued. So, either management is foolishly attempting to pull off the biggest bluff ever, or they got a whale of a load of economically, mineable nickel (billion lbs according to our friend drillbit). My speculation is the latter as management has done a lot of insider buying in the past 3 years, besides all the other facts out there.........
Its friday! Lets watch her run again!
