Blue Sky for 2008

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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retirerich

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Blue Sky for 2008

posted on Dec 22, 2007 06:34AM

Richard says there are 6 anomalies on NOT property.

We know one is 10 times as big. Let's assume one other is 3 times as big and the others are the same size. If the current anomaly is 4 mT, then the total ore would be 68 mT.

The grade yields $800 average rock now. Value in market cap is about $120 per ton. Let's say the other 64 mT has half the grades, so $400 or about $60 per ton in market cap.

Comes to a market cap of $4.32 Billion or over $30 per share. When they drill the big anomaly in January, if they hit the grades of half current or better, this stock is going to move.

By the way, the per share value could br $50, $60 or more if the grades are equal to the current results.

Could it be? The geophysicals look the same, seemingly. A geologist friend told me that there is almost no chance of the other anomalies being blanks, but that the grade could vary significantly. So it comes down to drilling the 5 other anomalies. Could the grade be even better in some holes? It seem possible, because what are the odds of hitting the best grades in the first 5 holes?