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: my thoughts

Wrong?

posted on Dec 04, 2008 05:28AM

For those who think I am wrong....answer this....

Give me a breakdown of our current share price...here's an example...

-- how much do we allocate for our Windfall...maybe .04 for 52 oz/ton of gold over 5 meters...where we have spent 12 million on the ramp

-- how much do we allocate for ROF....maybe .15 for eagle one, .02 for eagle two, .02 for blackbird 1, .02 for blackbird 2

-- how much do we allocate for cash...maybe .20

-- how much do we allocate for burnthill....maybe .01

-- how much do we allocate for other properties in hungary, china, brazil...ect.....maybe .02

Grand total .48....and our share price continues to make new lows

So....we find another eagle one.....how many holes will that take...how much cost....maybe 1/2 our cash....now we are down to .10 cash but we add another .15 for another eagle one...wow, that will put us at .53....and then since we are low on cash, then how about another PP.....

If you don't agree....still....give me some of your estimates..

Look at Vale, Xstrata, Tech Cominco.....all are cutting back...conserving cash....I suppose they are all wrong as well

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