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: Mine That Bird

Re: are we

in response to by
posted on May 03, 2009 05:24PM

As far as I know we are keeping 2 drills going on the Chrome during the break up. The rest are on care and maintenance till after breakup. However, we have lots of pending assays so even though this is breakup season, we could keep getting good to great NRs in the next few weeks.

My concern for longs is that we are being set up with these run ups and then drift down. Some may be getting lulled into it and want to trade those run ups but the next run up could see us keep going up for a while without a return to these valuations. Many stocks have done just that in the last 2 months yet we keep drifting back down. I think that time could be coming to an end. So if you must trade, trade but be cautious that we could move up substantially without a pull back to these levels, especially with a few more good NRs. That would be a good thing!!

Cheers,

Glorieux

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