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Diamonds North Resources Ltd V.DDN



TSXV:DDN - Post by User

Comment by cautious36on Jun 16, 2008 6:22pm
368 Views
Post# 15191005

RE: Nickel Find Question

RE: Nickel Find QuestionThis is still very early going for this prospect. The only thing they have done so far is to poke a few holes into known nickel bearing outcrop. Although impressive numbers, it will be a long time, and lots of exploration, before talk of size or value can be discerned. Also this property sits on the arctic coast, and costs can be very high to mine in this local. A discovery needs to be substantial in order to be economical. Having said that, this nickel is still a side show for this property. The company has already made some highly prospective kimberlite discoveries. If either of these finds turn out to be substantial, it would significantly increase the economics for the other. My own personal view is that $1.23 a share is still well worth the price of admission, but don't take my word for it. Good luck.
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