RE: 3 and 4th quarter will be much biggerYes, I am also in general agreement with these #'s, although I would perhaps be a little more cautious on the achievable production #'s for the next 3 qtrs - say 35,000 tonnes/qtr giving an annual 2007 prod # of around 136,000 tonnes (152,000 tonnes might be somewhat difficult to achieve given the 1st qtr prod #, but who knows?).
Still, no matter how you compute the financials, you don't have to be a rocket scientist, to easily figure out that plentiful profits should be achieved in 2007, and also going forward into 2008, especially given the better non-dev ore grades (around 2% Ni & 1% Cu + payable Co, a nice bonus!).
Regarding the ongoing work at the Morgan-Lumsden property, given the current pps this "value" is hardly priced in (or Premiere Ridge etc. for that matter), and if ML does come through, as many anticipate, in my opinion we could well see a quick "double" to the $3 pps range!
For all the "regular" FNI longs here, remember that usually when all the naysayer’s & bashers show up here in their droves, as we have witnessed recently, with all their ridiculous nonsensical yapping, good news is usually just around the corner, and I anticipate that will indeed (again) be the case - $1.35 pps last week was an "extreme" buying opportunity, and I for one, took advantage to add to my already large position!
Victor