Re: First bought

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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khareema

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Re: First bought

posted on Jun 17, 2009 10:08AM

Very good post, Miskealp, and very true. Any of us that were here in the summer of 2007, will recall that the SP was doing basically what it is doing now. And the forums were all lamenting the lack of information coming to us,(allbeit that the info was for Windfall). We had one drill turning there and they announced mid July that they were drilling one hole at Mcfaulds lake (mainly just to maintain the work status necessary to retain the property). I find myself using the same arguments now to justify my positon in NOT that I was using then.

But the situation is different now. We have a market that is in the tank, twice the number of shares outstanding, but 10 times the value of goods in the ground, and the SP is basically where it was then. We have a management team that has been operating for 8 months now without a head (or brains?), and that has a ton of (information?) that they don't seem to know what to do with, or maybe don't care as it is only a part time thing for them in addition to their regular jobs.

This thing, though, could take a dramatic change in direction as early as next week. We are now going to have a full time leader, good or bad, whose responsibility is to take us to new heights. We will have a total of 11 drills turning in the area, and from what I understand, most of the effort is going to be aimed at nickel. That should equate to close to 100 holes over the season, and one good hit from any one of them and this game will change dramatically.

Today is June 17. 8 weeks from today is August 12th. Information should be flowing regularly from the drills by then. Our new CEO should have his feet on the ground by then. The market will be in a much more stable position by then. My freezer full of steaks and burgers will be mostly eaten. My wine cellar will be tapped out once again. And it will be time for this thing to come back to life. In the meantime let the fools do what they will with the SP as it will not affect the final outcome, except to create a buying opportunity for those that want to spend the time watching it daily.