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: So where are we at after today's activity....

So where are we at after today's activity....

posted on Aug 07, 2008 02:12PM

..... well.... we have a whole lot of people making claims and assertions without basis but certainly with a lot of team spirit and optimism. There is talk about when the next N.R. will be and what it will contain, what it won't contain. In short, a whole lot of speculation once again as to what is "expected" to happen with very little to substantiate it particularly in terms of timelines. Unfortunately, twiddling our thumbs is about as profitable right now as that is what we are doing in the verbal sense. The only thing that we can accurately say is that we need solid news in order to change the sp to a positive direction, for those who are interested, and that without it the sp will continue to languish. Let me demonstrate an example: tomorrow the sp will drop further after an initial attempt to boost the sp with matched bid/ask numbers followed immediately by a much lower bid pre-market.... same as today... same as day before. The sp will probably finish the day at about 2.92/2.94 not withstanding an N.R.. I am of course basing this on the consistency of manipulation, low volume and lack of news. I would again assert that there is no guarantee of an August 15 delivery for news regardless of said regulations as there is often room for negotiation owing to extenuating circumstances such as lab delays etc. Speaking of lab delays, it seems highly unlikely that results that we have been waiting for for many weeks and months should still be legitimately delayed unless there is something else being tested that we are totally unaware of.... and this gets right to the actual point of this blog.... there is much that we are unaware of and so little that we do know to draw accurate conclusions from particularly when trying to calculate timing of events. Good things are coming but we know not when.... but just for fun let me try my own guess and I'll say that we won't see any news before the 15th. I'd just love for NOT to prove me wrong.

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