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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Message: PP

PP

posted on Dec 04, 2008 04:01AM

Rather than asking why the PP, we should be asking why are we drilling

-- there is such a backlog of assays, we could have news for the next year without any further drilling

-- if they don't have assay results yet (as they claim), how do they decide where to drill next....they use this excuse with Windfall going on hault while they await assays and analyze the situation...so why are we drilling ROF with so many assays pending?

-- the market don't care about positive assay results...at best, you slow down the decline in share price

-- the trend now is to shut down operations and to hoard cash...cut exploration and capital expenditures......our share price will continue to fall as long as they are spending the cash

-- many companies now trade at cash value...some even lower....therefore, if you continue to spend....your cash balance and share price will continue to decline

Stop the bleeding

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