Canadian Base and Precious Metal Exploration
Sound Management - Experienced Exploration Team

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Message: My thoughts

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My thoughts

posted on Jul 03, 09 01:50AM

I'm sorry guys I have been out of the "Ring of Fire" Loop for almost a year now (Had a hard time watching my holding's literally dissapear). However, I kept most of my shares because there is still sooo much potential in this area(Felt good picking up some at 7cents even it was a small fraction of my overall holdings).

1 concern I have is that even though Noront mentioned such deep semi-massive to massive sulphide intercepts at eagle one in their 1000 metre hole, nobody seemed to care, there was no share price jump I was aware of(however people could just be waiting for assays). Reason why I see this as a problem is that in my opinion it is pretty big news and if you are getting no reaction its just bad market timing. I think we have (potentially) great news to come from probe but it may not move the share price much( at least not as much as I'd like it to, 70cent + range).

Now that being said, I am very excited because the potential that probe didn't drill deep enough(on McFauld's West) to hit their targets is now more plausible. At least someone in the area has hit deeper mineralization.

Sorry nothing much new here, just my thoughts.

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