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: Re: When will this stock get back to $1.69?

new_guy: I hope we never see $1.69 again. Now here is my take on buying now. If you have for example $5000. and buy now, say at $1.90, that would amount to aprox. 2600 shares. If you wait until the SP goes to say $10 to sell, your profit would be $8.10 per share or $21,060. Not a bad return.

Now assume the SP gets back to $1.69 again. You have $5000 and would get 2900 shares. If you sell at $10, you would have a profit of $8.31 per share or $24,099, a difference of $3,039 from the first example. It looks good on paper, but I would be happy to get a return of $21,060 rather than gamble that the SP retreats to $1.69 and risk losing more money.

Good luck on your decision.

Jim

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