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: Possible Share price movement next week

Possible Share price movement next week

posted on Jan 27, 2008 04:03AM

The frustrating thing for those holding long has been the absolutely wild fluctuation in Market value of shares.

It is hard to tell exactly how much loss was caused by the US Financial problems and what was natural adjustment lower from the speculative push to over $6 . Given the known facts and extent of drilling, at that time, over $6 evidently wasn't sustainable.

My belief is that without the US troubles the share price could have been sustainable at $4 or likely $4.50 and increase from there as more drilling proved up reserves. Wasn't to be.

No question that we've clawed back some of the share price drop caused by US Economy. Not all, imho, more should come next week but can we regain the last 75 cents caused by market collapse? If we can then news of assay results and visuals on new drill cores could easily give us another 50 cents to a dollar on share price.

All rather convoluted I know but my target, things going as I'd like rather than what might happen, would be share price of $4.50 to $5.00 by next Friday. Getting back to $6 and staying there will have to wait for more drilling, resource calculation or big hit by another 'Ring of Fire' player

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