I would have thought that the title of yesterday's news release was "Two drilled holes are empty, one not reported on, while another abandoned."

The glass is half empty instead of half full. That is what the market reacted to because many act on gut feeling instead of logic. Their logic assumes that empty holes make a mine, or no mine in this case. As with hole 49 it takes time for them to realize what is really there.

Holes 53 and 56 confirmed hole 49, that it was not a freak accident. They also imply that we will have a mine some day following great results this far. The question that remains is what kind of a mine.

One percent nickel on it's own I consider border line economical ( Just ball park assumption from lack of mining knowlege ). In just about all cases we are well above that in nickel alone. Copper alone should pay for most of the digging costs. Platinum and especially palladium should more than pay for the remaining operational costs. Nickel after paying for the mine capital costs is likely to be for free.

That is how I look at it without doing any serious calculations because it is obvious enough to me. Frankly not enough is known to make those calculations other than to make assumptions.

The current market reaction is just childish pranks from people who do not see a rough diamond but a stone.

Only additional drilling and with deeper drills will we know the full story.

In the mean time we will have to bear the occasional sticks and stones from the flaky market and it's machinations.
Jmho, Ed.