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: Todays Trading…

Re: Todays Trading…and don't forget the PGM's

in response to by
posted on Oct 17, 2007 10:11PM

 I'm just catching up on reading some of these posts. I just want to say I agree with most everything I have read concerning our trading situation. Really great posts guys.

 Rosedale, as usual you nailed it head on with your analysis of all the different traders playing Noront and causing the wild fluctuations.

  BullBoy and Johndefur also,,,,great points about the area plays and lack of news affecting us now. Without news this week,,,we will drift lower IMO. Prime environment for the manipulation of the BIG BOYS.And AREA plays are good for us all,,,,any area news helps all concerned IMO.

  Misfit,,,always a pleasure to read your posts and no,,,it's not your imagination. I'm with you,,,,stay long,,don't trade,,,because you will probably get locked out and miss the BIG move in store for NOT,,all because you wanted to make a few pennies. Hold your core position.

 For very good traders,,,I can see the temptation to trade because of the swings NOT has been having. I'm just not that good at timing markets,,,,or news.

  As for the shorters,,,these are a devious group with psychological problems IMO. They want to win even more after they get burned,,,think they will be proven right in the end. Well,,,this will be a once in a lifetime stock for all shorters IMO,,,some will remember NOT as the stock that bankrupted them.

         ****--------------------------------------------------****

 The newspaper article have given us a big lift this week. It's now clear that Xstrata and CRVD are kicking the tires.

  But one thing that I wanted to reiterate is the PGM's . Noront's assay of the "Dandy Hole" returned 3 meters of 40 g/t Platinum in addition to the average mineralization of 5.9 per cent nickel and 3.1 per cent copper over 68 meters.

GLOBE ARTICLE EXCERPT---"Mr. Nemis said he has brought another drill on site and plans to drill through the winter, hoping to build a resource he can then hand off to a larger operator."

“Canadian majors, I've got European, I've got a lot of people interested, a lot of people calling, a lot of people kicking tires,” he said.

 So what I'm speculating here is this. If any of the soon to be released assays have high Platinum content, the bidding war for Noront will be a VERY crowded field.

Zimbabwe Dictator Mugabe is really giving the major Pt producers serious heart pains. Planing to seize 50% profits of the Pt producers in Zimbabwe.

 So,,,If by some chance Noront continues to return drill results with anything close to the Pt content of hole #5 (- 3 meter section of hole averaged 8.7% nickel, 10.9% copper, 40.79 g/t platinum, 14.57 g/t palladium, 9.39 g/t gold and 8.7 g/t silver),,, then we can add Zimplats, Impala Platinum, Aquarius Platinum, and Anglo Platinum to CRVD and Xstrata in the bidding war for Noront.

 Thank goodness for IBK and Richard Nemis. We are in good hands. It's possible that this could be bigger than Voisey,,,,just a possibility. Please understand,,,,what the above is, is PURE SPECULATION on my part of a remote possibility. Because Platinum is RARE. But we do have that 3 meter section,,,,,and those PGMs are substantial. And we don't have enough assays or holes to tell yet.

 But the term "Ring of Fire" RN has used has me wondering what if.

 Yet,,,it is very early in the game. Don't take crazy risks,,,,but don't let the MMs scare you out of your core holding.


 

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