1844 Resources Inc V.EFF

Metals & Mining Industrial Metals & Minerals

1844 Resources Inc. is a Canada-based exploration company with a focus on the metals and underexplored regions Gaspe, Nunavik, Quebec. The principal business of the Company is the identification, exploration, and development of mineral properties. Its projects include Vortex, Native Copper, and Lac Crystal. The Vortex is a copper, molybdenum, and gold project, located approximately 25 kilometers (km) west of Murdochville with 40 claims and having an area of about 24 square kilometers. Vortex Property is located inside the tectonic province of the Appalachians in the Gaspe Peninsula. The Native Copper Project, situated west of the Municipality of Chandler, is composed of about 295 claims divided into four sectors, Native Copper South, North-West, North-East and Central and has seven known indicators: Ruisseau Bleu, T.Nelson 1 and 2,Fer a Cheval-1, Ruisseau Cantin, Riviere St-Jean South, Route 102 S-W, and Jean-Baptiste Beaudin. The Lac Crystal Project is comprised of about 44 claims.

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1844 Resources Inc

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Post by Canuk49on Jul 24, 2009 4:35pm

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Post# 16164862

1. Nickel Prices and 2. Shorting

1.

Nickel prices at $7.50.
When they finally get over $9.00 - open pit mining is absolutely profitable. A GREAT sign and a great signpost ahead. Let us pray!!

2.

I have a very strong feeling that with the Bank of Canada's statement yesterday that the recession would be over in late September in Canada - and that commodities would be 'hunted' again by foreign powers - that today we saw a lessening or a bit of a tunaround in the SHORTING of junior mine commodities. This could also be a great 'one two' with nickel going up and shorting lessening and LONG back on explorattion companies on the horizon again.

Are we in for a comeback?

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