Hey Rundle, nice to see you post. I would like this to be more a PGE play than anything else but at this point, it is very hard to know what will be the main product coming out of this area. This may be too simple an approach but the fact that Nickel may not be the main product is not a problem in my book. If the nickel we have ends up being a bonus to a PGE or Chromium mine, than that is great news and Bay St is about Dollars not about nickel. As long as a mine is economical, we will do well no matter what the main product is.

I agree that the trading in the last 2 days is insignificant. If it was not for Canaccord dumping, we would of stayed near the mid 4s in my opinion. In any case as you point out, it was low volume, no panic but no buying frenzy either. I think the buying will come as people realize the chromium find is economic. We are currently out of most people's comfort zone when it comes to chromium deposits as there exist no Chromium mines in Canada, US or Mexico. Once people realize how economic it is and that we may be sitting on 6km of it or more, the buying will start. We are currently undervalued as Poly pointed out so I expect, like after most NR of importance, that our SP will increase over the next few weeks, probably back to high 4s or low 5s without any other NRs. I do have one concern with your post and it deals with this statement:

Finally, I believe the SP of NOT had the past NR already priced in and the effect was muted somewhat almost expecting the news not to be that good.

I think the market is doing its DD on Chromium and when it realizes what we are sitting on, they will push our SP back up. I am looking forward to the summer and all the drilling that will be done at McFaulds by NOT and others.

Cheers and up we go tomorrow,

Glorieux