Consider this a gift, your chance to hit it big.

[jokerswild]

We closed the PP, that puts $30,000,000 in the bank, stock is on the way back up, heres a link:

http://biz.yahoo.com/ccn/070706/200707060400995001.html?.v=1

 

[mobro]

there she blows.........you called it and it headed outta here.

 

[jokerswild]

there she blows.........you called it and it headed outta here.

here is my fav part of the release:

Proceeds from the sale of the flow-through shares will be used by the Corporation for the further exploration and development of the Corporation's Canadian resource properties. Net proceeds from the sale will be used for general working capital purposes and development of the Corporation's other properties

 

[mobro]

meaning "it has only just begun". good call. if i weren't so new to this game i would get in now. hell i still might. today!!!!

 

[leedj]

I bought into another 217 @ 5.19, its good to see it performing positively again.

Joker - any news expected next week?

Lee

 

[jokerswild]

I bought into another 217 @ 5.19, its good to see it performing positively again.

Joker - any news expected next week?

Lee

I haven't heard of any news to be released however, when the new drills are in place and we have multiple samples going to the lab I think we will see drilling results released more frequently than ever. This in itself will slowly drive the price up as we prove more and more reserves with good grades, also I think sometime in the near term we will get some news on the de-watering of the shaft onsite. This is an area of great interest because it is beleived there is very high grade nickel in this area. So the short term is looking better, I think by this time next year the stock will be several multiples of todays price, the drills will do the talking, the more tonnage we have the bigger the buyout, patience is key, I got in this for a quick turn-around as did many others however I don't think anyone thought we would find this much nickel so fast. Look at it like this, lets say so far we have found enough nickel to publish a resource calculation that would support a buyout of appx. $10-12 and I think we have, that sounds good right? $10-12 is one hell of a profit, thats what the impatient say, remeber we haven't even scatched the surface as far as dilling goes, only 5% of the property has been explored! So what does a smart and patient CEO do? He gets big backing from a firm like Dundee, enough money to run multiple drills at various depths to prove there is alot more value there than $10-12, we are talking hundreds of millions of tons, enough to push the buyout price to $50 a share and beyond. So ask yourself is it worth the wait for the prize, do you take a good profit and run or do you wait a year and make possibly the deal of a lifetime? Deal or no deal lol.....

 

[mobro]

the facts do seem to support this more and more. but isn't mining known as one of the riskier stocks?

 

[leedj]

Thanks Joker, appreciate your thoughts.

Were possibly sat on a gold-mine here! or should I say Nickel!

So a 10x increase on investment sounds to good to ever be true - I can hang on through the year with my inital investment (which is just under 10% of my annual net pay), the question is - do I put my ongoing monies into this punt, or share around increasing a balanced posrtfolio! guessing only I can work that one out.

Would you share with us what your main concerns with this stock could be,

• 
  a) A larger nickel reserve is found in China itself!

• 
  b) The volume of nickel in these supposed untapped claims is not as high as expected..

I must also consider the movement of the $CAD against the £GBP, should imagine as I bought these shares whilst the $CAD is weaker against the £GBP then I'm in a low risk position?

Just would be good to learn from your thoughts?

Lee

 

[jokerswild]

Thanks Joker, appreciate your thoughts.

Were possibly sat on a gold-mine here! or should I say Nickel!

So a 10x increase on investment sounds to good to ever be true - I can hang on through the year with my inital investment (which is just under 10% of my annual net pay), the question is - do I put my ongoing monies into this punt, or share around increasing a balanced posrtfolio! guessing only I can work that one out.

Would you share with us what your main concerns with this stock could be,

• 
  a) A larger nickel reserve is found in China itself!

• 
  b) The volume of nickel in these supposed untapped claims is not as high as expected..

I must also consider the movement of the $CAD against the £GBP, should imagine as I bought these shares whilst the $CAD is weaker against the £GBP then I'm in a low risk position?

Just would be good to learn from your thoughts?

Lee

A large nickel reserve found in china, not happening lol....

As for the volume of nickel on ISM property, they have found massive sulphide deposits starting almost right at the surface and going deeper the grades are getting better and better, on top of the fact that they have only drilled down 4-500 meters or so. Most of the really high grade nickel will be deeper, thats why they are purchasing larger drills to prove more tonnage and even higher grades, put it this way they haven't found the bottom yet and by the time they do I think we will have proved several hundered million tons which translates into a share price above way $50. Its going to be a fun ride, just have patience.....

 

[leedj]

http://moneycentral.msn.com/content/P58080.asp

No mention of ISM (langmuir claims), however interesting that were in a largest bull cycle for Nickel since 1988 - only this time China et al are creating more of a demand

What are your thoughts on INCO?