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: Why is it so hard to think that this will go to $100

Why is it so hard to think that this will go to $100

posted on Feb 10, 2008 11:48AM

So maybe I just live with rose colour glasses (I am an optometrist) but to me, there is a really good chance this stock will see $100. Am I pumping, not in the true sense but I am going to make the case for this. Here is my logic in reverse.

100 share price means a market cap of 13.5 billion dollars at a dilution of share after warrants and all of 135 million shares.

13.5 B market cap at a 30% In situe value based on large tonnage deposit, shallow depth, great grades...would be a deposit of 45Billion dollars

A 45Billion dollars in the ground deposit at $800 per tonne would be 56.250M tonnes.

We have so far about 5M tonnes (conservative number), so we need another 10 of these deposits out of the thousand or so anomalies or 1%.

I like these odds of going to $100 but the best thing is even if we never see $100, we will see much more than the $5.00 for which this stock is available right now. So I am going to sit back and enjoy the ride.

At $20 we can wake up Crazydick, at $100, we can book flights to a tropical location and have a Party!!

Glorieux

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