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)

Free
Message: Is McFaulds still a Nickel play or is it changing?

Hi Glorieux, thanks for the reply. Yes, I can understand your concern about my comment as it does suggest a negative tone to our SP, but let me be clear my preference is for it be moving in the other direction. However, Markets are very efficent in pricing products and I know you know the markets do not like uncertaintly (in fact hate it) so the SP did erode until the New finally came. I will also admit I am concerned that we have broken support at the 200 dma and would like to see us move up form here to get back above the $4.35 price point.

I also am long SPQ and if you look at it I find myself asking the same question. What does the market expect to come from the next NR. Believe me I want to be proven wrong and would love a surprise to the upside NR and would welcome all to come on a post how wrong I was. Again I am long SPQ and remain so and would love to see NN blow away all and any negative sentiment that currently is plaguing the McFaulds area plays. I also see that the sentiment for all McFaulds plays is currently under pressure and hopefully we see a positive reversal soon. Yes, patience is required while we wait for this change is sentiment. Talk to you soon.

Share
New Message
Please login to post a reply