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: Before DE - Valuations

How about giving some reasons why you disagree? His post raised some fair points in that with current drill results no one does know the value of DE deposit but so far it's not huge and more drill results are needed.

Given what we know, rather than suspect, a $5 valuation on DE while perhaps lower than we'd like isn't unreasonable either given the number of shares now issued.

He also makes a good case for WL and Burnt Hill properties being grossly undervalued by the market.

At this point in time it's a lot easier to support, with drill results, a $5 or $6 share valuation than anything higher. Of course the market has the ultimate say and that is certainly a guess.

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