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Saturday, February 12, 2011 3:30:28 AM
We'll all be giddy on the next leg up.
I expect that drill cores will be coming later this year, but I'll wait another year or two if that's the NAK schedule. They will have to permit the entire caldera eventually, or Anglo American can do it if they buy the rest of PLP. Regardless, the folks that want to be on the receiving end of those 6-7 Pebble-sized anomalies will be anxious to prove the claims. Big reserves attract big development capital, and the interests pushing the development of the caldera are here to make money, just like us. They understand that proving these claims while gold is over $1000/oz. makes it easier to keep everyone interested.
So what will an average position of nickel shares look like when this all plays out? I'm guessing mine will look like an early retirement package. Feel free to ride along. IMO, we got to the party early, and the real fun starts soon...
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