TSXV:FCO.H - Post by User
Comment by
schilajewon May 09, 2010 9:55pm
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Post# 17079404
RE: FMI, PALA & Zug Switzerland
RE: FMI, PALA & Zug Switzerland
Yes seems like the Rio Tinto people have been aware for 12 years or longer. They years ago came on the property and toured the areas they expected to have a rich amount of cobalt. Not the area presently being developed. Phil at the time was throwing out valuations,before RS of 15 dollars a share. This is mostly based on the old gov. evaluations and and only cobalt. He then would add in the anomoly of gold and say that alone would pay for the start up etc.. Then he'd bring in the silver mine and get indignant that Scott should begin development as it was an extremely rich property. I have no reason to doubt our old friend as he was an original geologist and on the BOD. Also,today there is turmoil in Europe,Germany,Oh where will the money flow,OH CANADA. Maybe the only sane people left in the world. Simply this is a very rich property with other valuations. To simplify a hundred a share is reasonable as smelter in place,mgt is able,roads developed etc. My mind still thinks Noranda as the evil factor and wish I could express more but as Doug is aware I called out a individual including his family. If we to play for keeps lets do it. Don't get excited Doug it's only business. We're still here and they well they seem to be under control.