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: appologize for error

I just can't imagine the financing/ partner...(IF it isn't RCF)..would be ok with that.

That's a great point, except that 8% interest on a $15m loan for 22 months is only about $2.2m. On a current market cap of $68.5 that's a gain of only about 3.3% of the company. Certainly not insignificant, especially considering how the vultures on Bay Street seem to covet every dollar. But would take some significant effort to keep the share price suppressed once government announcements start coming out and visible milestones start being achieved, and I don't think the costs involved in suppression would necessarily have a positive ROI. My guess is that they'd like for the share price to stay low for a while longer, but there will come a time when the value of having a low SP isn't worth any costs that might be incurred in trying to keep it low.

Of course, I'm talking about changes subsequent to February 25th. The more that I think about your comments, the more impetus I believe must currently exist for action by that date.

Perhaps we will see something significant in a couple weeks after all. Volumes certainly bear watching, because that will probably be the true indicator. That date could possibly be much more significant than I had realized before today's coffee-table chat.





Share
New Message
Please login to post a reply