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: As Nickel continues its Rise since 03/30.09, So will the value of Eagle One.
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I agree with this statement. For the evidence, please see the following.

http://www.kitcometals.com/charts/nickel_historical_large.html#lmestocks_30days

What we can see on these plots is the steady increase in the price of nickel over the past 6 months and a nice demonstration that within the last 30-60 days the London Metal Exchange (LME) stocks have been declining. Although the 6 month stock is still relatively high - this current downward trend could quickly change that. To be safe, we should not get completely ahead of ourselves as the stock of Nickel appears to be near 6 month and 1 year highs.

Ultimately these are lagging indicators - and everything changes in the future. So if demand picks up, supply lags, the stocks decrease, price rises, NOT soars.


WW

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