Re: Assumimg we hit another target

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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Re: Assumimg we hit another target

in response to

Assumimg we hit another target

Milsy1

posted on Jan 09, 2008 06:10AM

I agree that the chance is remote that there will NOT be another hit of mineralization. I am convinced that the 20% in situ value will apply to a high grade mineable deposit. I also think that the next larger anomaly could expand the ore body top 20 million tons.

If the grades hold, we are looking $20 plus per share. I also agree that the buyout premium should be at least 30%. I do not want to sell any shares before $25.

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