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: Seems to me

Seems to me

posted on Jun 22, 2009 12:54PM

we're SUPPOSED to be baffled by this stock.

It's not supposed to make sense that so rich a deposit, first of it's magnitude in Canada, let alone North America should languish at these prices. It's said that the market is very efficient at pricing in new information. Hence, the lack of new information to be priced in. There has been no substantial new information since our co-ceos took the helm, and I'm sure that was part of their scripted agenda.

Many bigwigs paid big bucks early on to get their ring-side seats to the action at McFauld's. In doing so, they were privy to more information than if they just watched from a distance, with the added benefit that they could contribute negative spin to suppress the price until the perfect moment.

Just as it is said that the market prices in new information very quickly, and that they are in and of themselves very efficient, there is no money to be made in an efficient, predictable market. You'd do as well to put it in an index fund that follows the entire market itself. However, INEFFICIENCY creates opportunities, because if you can recognize that ineffiency before the market in general does, sooner or later it will be priced in accordingly.

What's this all mean? It means this is no time to be nimble; this is a time to be patient. We are only along for the ride, and not in control, so the trick is to not get spooked out now. The time to sell, if any, was at 4 and 5 and 6 and 7 bucks.

You can see the paid posters trying to work the crowd to a level of resigned despondency...gives me hope, actually!

JMO

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