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: This is where the music will stop for .....the shorts

This is where the music will stop for .....the shorts

posted on Jun 04, 2008 03:36AM

RN will not allow for any major to buy out at the low sp + premium, there are just to many larger and professional parties involved already, some big fish will never get cornered. Current structure does not allow for such action either, although I do hope a greedy major comes in to make sp potential clear to market (highly unlikely for now).

It won't be too long for the majority of Longs here until the next set of NRs, that is where the music will stop for the shorts and we can finally wave back at yesterday's prices. It is not unique in view of what we see happening to many of the other junior explorers (difficult to compare though, who has the kind of high grade hits that we see here) and even the majors are not moving up in pace with basic material price sweep, for known reason (logistics, overall market conditions and 'decreasing' reserves, well they can now deal with the latter one). Majors, solve all your future reserves issues now (but not at 3.40), or do you have **it in your eyes ? retail market is of marginal importance to the overall story anyway, but let's ride the next wave of success anyway.



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