Re: I'll go out on a limb here

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: I'll go out on a limb here

in response to

Re: I'll go out on a limb here

sag4tag

posted on Jan 02, 2009 08:16AM

I will join you on that limb Sag4tag. Our SP is not moving much now staying around the .72-74 range. This is usually the range and standstill position where traders get nervous. If they see this thing starting to go down, they will empty their position and drive us back under $.70. If we do not see this quivering and we keep seeing build up of bids at $.70 and higher, then we may get these guys to stick around and we can drive up and hopefully establish that second level of pricing that Coswil was talking about. So hopefully we do not get a small selling run as this would open the traders flood gate and we will lose our momemtum.