Re: Very Important

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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Francis Dube

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Re: Very Important

in response to

Very Important

Polylabel

posted on Oct 20, 2008 09:10AM

You are very right Poly!! The only way to explain this is they were over confident that they would win and the proxy war was only a small risk for them. They must have not seen the response from retail being so strong. Their lack of this anticipation and their over confidence will be their downfall.