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: Hodson BAILS !!!

Hodson BAILS !!!

posted on Jul 09, 2008 05:16AM

I watched the clip on BNN yesterday. Hodson said he sold out at $4 because the size of DE1 was smaller than originally thought and that associated costs (ie rail line) would be to expensive to justify developing the project. Guess he would have been a "giver-upper " on Voisy's Bay as well before they knew how big it really was. The fact is....there are multiple anomolies here, yet to be drilled in MF region and I don't for a minute believe that these "yet to be drilled" anomolies will be void of metals. We're simply in a short term waiting period in my opinion, and I really hope that PRB and others have successful drill bits. Like RN said 'don't watch the SP on a day to day basis', which is exactly what I've been doing (unless you're day trading it). I also DID NOT like the way Hodson said ther are "to many HALTS" with this company. In my opinion, its far better to have consistent NR's (even if they come in the form of a Halt than to have none at all. At least RN is keeping us informed as much as he can, which is more than a lot of company's out there are doing. On that note, I hope we have better SP days ahead and that the next set of drill results will be outstanding. I believe we are simply in the trough of a sine-wave much of which has been caused by margin calls. The goods are ours and are still in the ground with more to come. GLTA

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