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: Re: What about ... DILUTION ... ???
5
Mar 22, 2010 01:23AM

Man, I wouldn't complain. They have proven up at least 2 mines within a couple of years. Many companies spend many years exploring without ever coming close to what NOT has proven up here.

If you consider how remote and inhospitable the area they are operating in, you should realize how impossible it is to do anything without spending a lot of money. They have done a great job of raising money at the right times and without too much dilution in my understanding.

If they sit on this property without doing anything (which means spending money), we could be looking at a lot lower S/P and possibly being taken out by some other company without the quality of people at the helm that we presently have.

We should be thanking our lucky stars for the accomplishments that we are seeing here and the things that are about to be revealed in the next few months.

IMHO

S.

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