Rumors
in response to
by
posted on
Feb 09, 2008 04:34AM
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)
Well, a nice uptick in the stock price and the speculation that follows...I've spent some time looking over the many posts on here and the other board....here are the results of my findings:
Rumors which indicate more massive sulphides from another hole; perhaps hole 30 and/or DE2 or perhaps from an area play...BMK being a likely candidate
Rumors which indicate drill results relating to grades of Rhodium and/or results from other holes already drilled and/or from an area play
Perhaps a good day for precious metals; with Rhodium up $350, gold having another good day as is platinum and palidium
Perhaps attention to the area with positive news articles coming out almost daily now
Whatever the reason....volume being the best since Jan 28 for both NOT and BMK.....a nice rise in stock price early on in the day, then flatlined for the remainder of the day; so something that adds some value but nothing crazy
I would suspect a hit on DE2 would have caused higher values with greater volume
I would suspect a confirmation of fair grades of Rhodium to add some value, but nothing crazy....so this seems the most likely...this together with a higher level of attention and new highs for precious metals...I think this also explains the nice uptick for FNC and PRB as they have property closest to DE1 and the uptick for BMK as a significant property owner in the area
My opinion only
You're welcome to yours