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richard the Realtor

09/05/10 1:36 PM

#67134 RE: Regulator78 #67133

Well like Private wealth said that this suit could take 2-3 years. So I saw this from the start as a stall tactic. Get the Mill up and running ana in a couple few years cprk could have made enough money to make PN go away. A lot of money can fix many things.

ChuckD-MSB

09/05/10 2:19 PM

#67136 RE: Regulator78 #67133

One more bit of information to add, PN is not planning on any "provisions" (money) to deal with the lawsuit filed against them. Very odd. Here is a quote and link to their (PN) note to shareholders from Sept. 3rd I suspect they are hearing from angry shareholders about all the legal bills they are racking up. Their lead attorney gets $495 an hour.

Here is the quote, you can follow the link to view the whole thing.

"On August 27, 2010, a new action was launched against Nevada Star by Western Utah Copper Company. This action is very similar to the counterclaims made in response to our original lawsuit. We believe this new action is without merit and we do not anticipate the need to make any provisions to deal with this issue. We will continue to work towards driving shareholder value in our Milford based assets."


http://www.purenickel.com/s/NewsReleases.asp?ReportID=417258