Re: Options, not Shares, Dennis

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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Justduke

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Re: Options, not Shares, Dennis

posted on Oct 29, 2009 02:45PM

Dennis, when these guys accept their position in Noront and are given options at whatever price, in this case it is $1.84, they must certainly believe that said shares are going to appreciate substantially in order for them to make any real coin. JMHO