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: Re: general on outstanding assays
2
Dec 28, 2008 08:28AM

Re: general on outstanding assays

posted on Dec 28, 2008 11:36AM

Much has been written here regarding news and lack of it on a timely basis. Don, you are quite correct that in the long run it does not matter. If we have the goods they will be found and reported. And we will prosper. If not we won't.

Much has also been written about the difference between RN and the present CEO's. How RN was always very open about news while the present guys are not. I would draw attention to the three month period before the ROF first hit. The SP was in total doldrums around .50-.40, and everyone was complaining about no news, and how there was something amiss as there had to be assays out by then but noone was saying anything. Very similar to today, except we are working on ROF, while then we were working on windfall.

My response is similar to Don's. When there is news to report, it will be reported. Whether they report the next five holes soon or not does not matter. If after the next 30 holes drilled between now and April, they still have nothing to report, then we have a problem.

Their most important chore at the moment is to select the right location to drill and find the motherlode, rather than to select the right time to put out news to drive the SP up a few cents.

JMHO

K

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Dec 28, 2008 12:47PM
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