RE: Big Buying?Exactly show me an average-good jr(without bull and promo)that is doing well.I could list 10 that have and are in a worse position then CBI. We will have to have great results to get us back even and the nickel play will be noticed when numbers are verified (by year end)and the HPAL (high pressure acid leaching)is proven succesfull and accepted as the new way.Someone pointed out that this is not a new process but goes way back to the 50's which is somewhat true.But HPAL has never been used in a large ni processing capacity and the procedure has been completely modified(verify in the ni article I posted).
Drilling in Ven should have resumed over weekend and calls for 12 holes.I believe if we dont get great results like the early Lasalle had we will be a dog until until we have numbers proven so we have a measuring stick for stock evaluation.We have at least 6-8 weeks until results are known on Anococo.If we dont get the desired results I expect a fast track on Ni property as POG and the gold market are in limbo.Again dont read that CBI will walk from Ven if not great results but rather more delays in targets and analizing where money is best spent.I have been fowlowing several ni plays and as of late (since Sheritt purchased 9% of Anaconda)and the trend has been upward.I dont think it will effect our price as we have no numbers for the market to digest.However if you all read that ni article you would have seen that anytime some old plays (like Inco in Guat)could come back to life and will make us noticed.CBI will shop the property/properties around when proven reserves are completed.JMHO (never used abrev's before it kind of sounds like CB talk)
Stubbs