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: Does this get anyone excited?

Don't know if you could call it excitement or not, but whatever it is, is coming, and fast. These guys just went over the 11% mark and show no sign of stopping. They also seem to have lots of sellers willing to dump into them, so this battle could be over before it ever gets going.

My gut feeling tells me this is not CLF action, but nothing else makes a lot of sense either. The pending infrastructure announcement would likely be the cause of this sudden accumulation, but who else but CLF would know just where the discussions are at the moment?

At any rate, I am hearing buyout, or at least an attempt at it, and although I hesitate to be the bearer of bed news, I am also hearing the figure of 1.80 expressed. I don't know if that is a starting point or the planned finish. That price may seem way out of line for a lot of folks, but at today's SP, it means a triple short term. On that basis, I have refilled my holding tank and am ready for it

Best regards

K

Share
New Message
Please login to post a reply