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: Reality sucks

Reality sucks

posted on Apr 20, 2010 11:24AM

It looks like all the ROF stocks are taking a beating today. Consultants reports due mid 2011 and dilution are taking some of the shine off of this area today. Reality is that a mine is quite a few years off with consultants taking a year to produce a report. Now is a perfect opportunity to shake out the retail investors who prefer not to wait for the big score. I would suggest that Canadians look at moving the reduced ROF assets into the RRSP's. At least you will get your marginal tax rate back next April. Remember that you can't claim a loss on the transfer to your RRSP so even this may not be an option at these low prices.

BB

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Apr 20, 2010 11:28AM
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