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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: Sp slides again
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Yes the SP slides again, but the Venture is down 16 points as I write and over the last few days NOT has been going up while the Venture was going down.

Having said that I do think NOT is very undervalued. Conservatively, I put the value of NOT at $3.50 for the Eagles Nest alone and as you use different metrics for in situ value, blue sky, tonnage projections, value of JJ, vanadium, titanium, chromium, etc. the price goes up to perhaps $20.00 and beyond.

I guess the market is even more conservative than I am. But over time the pendulum should swing. A 43-101 on the increased resource at the Eagles Nest would help. IMHO.

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