Re: Glorieux

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)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Francis Dube

Rank: President [?]

Points: 44898 [?]

Votes: 625 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Glorieux

in response to

Glorieux

Canseco

posted on Dec 05, 2008 07:40AM

my good friend,

I am not arguing your point at all!! In fact, I believe you are right. However, there are some that though the PP should have been offered at $1.00 or more and this was wrong for the current climate. If we wait and find out what is under E1 ( which by the way is very promissing) than we have a great opportunity to not dilute or get much more money for the same dilution.

Others say that a 20% dilution to ensure we have enough money to survive almost any world financial crisis is a small price to pay. This is a hedge however looking at the massive job losses this morning both in Canada and USA, this mess is about to get a whole lot worse so these pundits may be right...