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Thursday, May 21, 2009 8:27:39 PM
To answer your question about the NI, we ARE close to the release. Back seven months ago many here (including myself) did not understand what was involved with the NI process. Those 7-months afforded us more than enough time to understand the process. In addition, the company has kept us apprised of the drilling progress and followed up with associated results. It's hard to say exactly when the report will come out. It could be tomorrow, which would be great (better if we were not a Pink but still great); or it could be a few weeks (which I have predicted will see our PPS decline, the reason I am not favored here at the moment).
However, one thing appears certain: the PPS should make a very nice gain when the NI is finally released. I am guessing around 0.20, but many here think that is way too conservative. I hope they are correct as I do own quite a few shares myself (believe it, or not). What you need to decide is whether or not you want to gamble that the NI will be released now, or in two weeks (maybe three, but I doubt we are talking months). I would advise to get in now. At 0.04 you could get some nice gains on the run up after the NI. If you roll the dice and wait, you may miss out. What's the real difference between 0.02 and 0.04 if it does run to 0.20, or even half of that? If the others are correct, it REALLY will not make a difference.
It's your call. Good luck!
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