RE: Ni-holdingsI believe if you have nothing of value to add to the board, no one is interested in reading drivel. I'm just waiting for the Chinese company that owns 20% of this to make a move.
----------Original Message Posted 8/26/2010 7:06:53 AM----------
Hey arab, lots of watchers and readers here but not too many posters, it's oddly quiet except for the crazy spammers. Been looking at NI investments and although it seem Wallbridge has a ways to go on their properties they do have allot of them with good potential and already building up the resources. Not sure what NI bought in at but looks to me like a short term double from where they are now. They have cash and also cleared about $10m in deficit from last year and have done a few spin off companies which they hold interest in and those appear to be doing well.
However, the recent deal with Prohecy imo is a huge windfall. Just looking at the coal resources on two of their properties they have over 1.2 BILLION TONS of coal and as of this morning have announced starting mining coal at one of the properties. With winter just around the corner I would say the timing of this is perfect.
At another property in Canada they have an inferred resource of 23 MM tons of 40% Iron Oxide laced with 16 BILLION LBS of Titanium and 260 MM lbs of Vanadium of which they own 80%. As of March they had $4 MM in cash.
Overall Prophecy's current in situ value is over $1,000.00 per share according to Shareknow. That's just insane, add NI's own resources (in situ at around $30.00 per share) to that and imo NI should be moving up steadily over the next few months. I'll even go so far as predicting that NI shares will be at or over .30 be the end of this year.
Lets see a few more posts over here, surely some of you watching and reading have some opinions, or are you simply content with reading the spam posts?
M