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)

Free
Message: Goldfinger and Wes
26
Sep 17, 2011 11:25PM
15
Sep 18, 2011 03:53AM
6
Sep 18, 2011 07:06PM
17
Sep 18, 2011 09:39PM
6
Sep 18, 2011 10:06PM
17
Sep 19, 2011 05:07AM
54
Sep 19, 2011 02:26PM
17
Sep 19, 2011 03:14PM
3
Sep 19, 2011 03:21PM
12
Sep 19, 2011 03:26PM
5
Sep 19, 2011 06:42PM
10
Sep 19, 2011 07:28PM
1
Sep 19, 2011 07:34PM

Here are my thoughts about your interaction with Wes:

First of all....and sorry if this sounds abrupt; but, as an investor....I don't care how far Wes can hit a golf ball.

Insomuch as Wes has been involved in starting up mines and surrounding himself with others who have started mines; his previous work with governments and natives.......if this is such an asset to this company, it would surely be reflected in the share price....which it is; and nobody cares.

Insomuch that Wes agrees that we are undervalued, did he think that when he sold shares at....what was it....$0.94?

Insofar as everyone wanting to invest in gold and silver....what about precious metals in general? I can understand a discount for nickel and copper; but isn't a discount of $20 to $0.46 a bit much; especially considering we do have some precious metals....and didn't we option off our gold property (windfall)....and he recognizes that people see value in gold; but he would rather not further explore the gold potential with JJJ?

So, he tells you he walked away from $5,000,000 to take a chance with NOT....could we assume that things went really bad in that he had to sell a few thousand shares....what was that for again...to put his kid through school? But the reason our share price is low is because the hedge funds are selling?

Now they are running two drills....to drill for chrome....but he sees no economic value in the gold at JJJ....cause the Chinese want our chrome? Not Cliffs chrome or Probe's chrome....they want our chrome....well; we see what the latest chrome results did to our share price; don't we? From my calculations we are going to double the value of our chrome...from 0 X 2 = $0. Then we could do another PP with the Chinese and double that again.

From where I stand; the only things that seem to get attention in this market is a new find. So this comment about moving ahead with what they have to feasibility and no further drilling on new targets.....that is a major downfall....unless of course they haven't the expertise to make another find....they couldn't even take the find they have and prove that up to 2000 meters...so we can't use the whole deposit in our numbers for feasibility....how unfortunate.

Ok....so then this leads into the big plan.....the feasibility study...how is this going to create value....the pre-feasibility study created nil value...more $$ for nothing.....complete the chromite drilling....again, more $$ for nothing......then a big deal with Beosteel...we're talking a $700 million deal....for a junior with a market cap of $100 million....and they're going to spend $700 million for 50%.

And we need a road....not a rail...so I guess we're still far apart when it comes to working with the other companies.

And the TSX listing....I'm not sure if I'd rather it go to saleries (I'm assuming that's what he meant when he said he'd rather use the $400,000 in other ways)

On a final note....not only do I not agree with your statement "I do not think Wes or the board do anything to hold the price back or fly under the radar."....I would go as far to say I think they do all they can to hold back the stock price in order to benefit from cheap PP's and stock options.

Goldfinger; you say you are a realist.....but, from here it looks like we got more of that coming soon....very soon.

3
Sep 19, 2011 09:23PM
Share
New Message
Please login to post a reply