Re: Nickel price up; Stainless steel demand up; Ontario economy down= ROF fast t
posted on
Mar 07, 2010 11:36AM
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)
Ya Sum, went through it with Aber Diamond too, JV Rio taking all the money they said, Aber only 40%, middle of nowhere and water will never get stopped and Dene want too much and in the middle of cariboo tracks, too cold to work etc etc etc. Because of that I sold half at $17 as I was new into the SH Bullsheet boards, mistake one was not using my own brain. Same with those who told me to hang on at Tahera and there was nothing to worry about, only I was smarter then and sold at mine open. It is nice to here everything that can go wrong as long as you check it all out and use your own mind. What I hate most is opinions without links or any reasoning of facts. Most neg/positive posters are agenda minded but a few are information gatherers first and foremost. If something won't work, show me why it won't. We had some posters back at $7 that were showing us how the Noronts MC was too high and how the resource was just 2-5 million tonnes and many posters did not do the work of proving the bashers/pumpers wrong/right and held on dismissing the "bashers". ( so I sold half after doing the work and realizing the "bashers" were right and were information gatherers, should of sold it all but, Noront "could of" hit better at E2) . Voiseys had FN problems and Newf government two-stepping as well. Every mine has startup problems. Thats what makes the risk/reward such a good payoff for those who have seen it before. Of course the ROF could fail, if it was a sure thing then we would be investing in some other risky venture as we are all multibag junkies. Noront and other ROF plays are one of the few best "next hole wonders" out there in the market. Sometimes the "pumpers" are right too. Its up to every SH to do the work and the only losers are the lazy ones. Each investigation makes you more knowledgable for the next big stock find. Have a nice day o sensible one, and I will wait for the reports from the PDAC as sadly too sick to go.