RE: Boys for the longJust a few things to think about before the weekend.
Outside of the personal attacks I think most of you have made good comments on all sides.
To Nkle and Juanito, I have to say the questions you pose are valid and have not been properly addressed. However, I do agree (and am taking a chance) that Cliffs is still in and they would have had to have worked out the basic numbers prior to their initial investment in time, resources, and money into this company. Although i am not a geologist and would not even try to argue geology with you, I do (as of now) beleive that the geologists in FPX and Cliffs who have so far stuck to their guns about the .1 number (or more) are more proficient in this than you or I are.
I'll furthermore bite (for the next few months) on part of the reasoning behind the lack of informtion is that they are keeping their work secret as they comb the world for new properties because IF they do have something that works, secrets don't last very long and their head start on the competition will be short lived. But answers to these questions should be made sooner rather than later.
Again as mentioned earlier by someone else, this is as much a play on technology as it is a play on mining. I also have a lot of trust in Kaiser (and the fact he has done his DD) as he is very well respected in the industry.
Lastly, I will be the one who tries to question your motives without personal attacks. One has to wonder why you have bashed this play..and in some bb's (not all) you have gone past just asking questions..when you do not own the stock? One has to wonder why waste your time? As I have never bashed stocks on this board that i do not own...just makes no sense and makes people on this board question your motives.
On the other side I do beleive a NR with regards to an update on cliffs over the next month sure will help shore up and doubts on this play. But the fact that Cliffs is still in, has tried on many occasions to purchase more than 15% of this company (including this year), and continue to provide resources and funds to FPX for development (although still minor) are indications of their motives.
As I have discussed before Cliff has their fingers in many junior pies (like PRB - chromite in the ROF - that i discussed in an earlier BB that has gone from .6 to a high in the .80's over the last few days). Cliffs would have cut their losses with FPX and have moved their time, money, and resources to better projects if the numbers were not there (or FPX were not meeting their benchmarks).
Time will tell. Keep asking the tough questions and keep pumping the story of our little stock that was .08 less than a year ago. Nothing wrong with hearing it all.
Lets just keep it professional. Have a great weekend all