High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"

NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Message: Possible pullback???

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Re: Possible pullback???

in response to Possible pullback??? by 600V

posted on Sep 10, 07 04:20PM

If you were to believe some of the posters on SH, this will drop like a stone tomorrow after a little pop. I'm in at 65 cents and I'm going to hold. Remember most got in because of Windfall and this find is gravy.

Also consider that 20% of the shares traded today and I suspect the average cost base is now considerably higher. If you bought today in the 1.50 range would you be selling tomorrow? I think not.

I'll be waiting for the WF results before I do anything and then I'd hope to sell 25% of my share to cover 100% of my investment.

The other thing to consider if you are in Canada is to transfer NOT into a SD RRSP. This way you solidify the gain/contribution and you don't really lose the investment. I may sell something else in my RRSP and buy my NOT from my cash account and strip the cash out of my cash account.

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