Thursday, September 11, 2008 3:44:38 PM
NJPM I would pretty much agree with your take on this. That is why I was somewhat disappointed to see the they used the word 43-101 Resources vs Reserves. My understanding is a Reserves report require much more detail than resource report. So was hoping that the details would be the catalyst for a PPS boost. If it simply add the additional resources from the recent drilling then all you said is right on an I doubt we get much price rise from this 43-101. We all will have to wait to hear what new info is released at the presentation. Even if the data supports fair value of .045-.05 it could be hard to hold that. Most pinks don't hold value when waiting long periods for growth. With mining not starting to mid next year (likely) we may not see much gains that hold for awhile. Lets hope they have something new and substantial to tell us.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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