Re: Brief chat with office...nothing earthshattering
posted on
Nov 24, 2010 11:36PM
Wes said Noront is a 5 year hold for maximum results, this makes sense at the rate we are going. Over 24 months since R.N. was replaced, tens of millions spent and we have widening, deepening and some in filling on Eagle 1 . No great new holes with at times 6 drills going, no positive news in over a year, drills don't work miss targets. Chrome is not worth the time now, Windfall no, nickel is what we want but the market does'nt. R.N. had the price between 4 and 7 dollars before poor market conditions, maybe high but what is a fair value on what the new BOD should be measured by after going through good market conditions for months. 2.50 to 3.00 ?. So be patient Wes said, well my dd tells me Eagle will be mined but in 5 years we could have 3 or 400 million shares. I hope this latest pp will last us through to April 2012. 10 million and bide our time till conditions change for nickel.