Work in Progress
posted on
Jun 02, 2008 07:20AM
I have been away for a week and what a week I missed. Obviously, the market is not in love with chromite regardless of the value of this discovery. However, the love affair with nickel is certainly not over at McFaulds. Noront still has many anomalies to drill, the JVs have their properties to drill. Does anyone think that these juniors commited millions for drilling programs without some due dilligence from a geological perspective? Fancamp has a large anomalie adjacent to E1 that many have surmised is ghost bridged. This is a magmatic phenomenum which means that material flowed intrusively through host rock. Is it reasonable to think that all the nickel was deposited at E1? I don't think so. I am going to wait it out. This is very much a work in progress.