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: average price vs current price

average price vs current price

posted on Jan 22, 2009 08:11AM

Feb. 7/08, private placement 6,500,000 shares @ 4.00

April 15/08 private placement 2,490,000 shares @ 5.00

Dec. 4 /08 private placement 23,587,500 shares @ .80

Assuming we have the same players in the private purchase , we have an average buy in for these players @ approx. 1.76 dollars per share.

Unless my math is off, we are not even at the break even price for these players.

I can't see someone trying so hard to steal a company to make a quick double.

Double would be $3.52. We have been told just DE1 is worth over $3.00. What about DE2, AT12, the chromite??, What about the 2nd discovery under DE1 that we don't have assays back for?

I don't believe they will give it away. The Ring of Fire is not in equador. It is in friendly, helpful, beautiful Canada.

THE LYRICS IN OUR NATIONAL ANTHEM: "The True North strong and free!" MEAN SOMETHING HERE.

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Jan 22, 2009 09:01AM
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Jan 22, 2009 11:16AM
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