Re: An argument for the Long Haul

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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Bentonstocks

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Re: An argument for the Long Haul

in response to

An argument for the Long Haul

MISFIT1

posted on Sep 24, 2007 04:51PM

M1,

I think the $150/sh thing is a little optimistic... We have been reading each other's post for a while now, and generally you and I on the same page, but I suggest that putting out such numbers, even if you think them, is not... errr.... well a good idea at this juncture.

We've debated and discussed WL in detail on Shouse before NOT became a market darling with DE, and I think we are well aware of the potential pitfalls. That said, I do believe it is the best speculative gold play in Canada, and probably in many other countries as well.

DE is on the road to becoming a world class discovery, but ist still has some distance to travel before it gets there.

Now before anyone gets carried away due to their highly emotional state and thinks I am bashing, read or reread my NOT posts - I am not.

Rather, although I have high degree of respect for M1 and his posts, I think $150/sh is... Well, going beyond the a reasonable valuation prediction right now. Afterall that is an $18,000,000,000 market captilization... Let's not have the newbies crapping their drawers witrh dreams of mansions and Ferraris just yet. I think we need to exercise a little prediction responsibility. I do not need to remind you that your 2008 price target a couple of weeks ago was $10/sh...