RE: RE: RE: NPV for Decar Yungcash, I believe you have overstated the "earliness" of the current stage of the 100% owned Wale property and have, therefore, understated its significance and value.
Cliffs signed the J.V. with First Point on November 13, 2009.
https://www.firstpointminerals.com/s/NewsReleases.asp?ReportID=371929&_Type=News-Releases&_Title=First-Point-Options-the-Decar-Nickel-Iron-Alloy-Property-to-Cliffs-Natural-...
The first Decar drill program was not announced as underway until Aug 3, 2010. That day the share price closed at $.455.
https://www.firstpointminerals.com/s/NewsReleases.asp?ReportID=412293&_Type=News-Releases&_Title=Drilling-Commences-on-First-Points-Decar-Nickel-Iron-Alloy-Property
We are currently sitting at $.46.
The work already completed on the Wale project is, currently, significantly more advanced and the results more positive than was the Decar project at the time Cliffs signed the J.V. and, considering the amount of work and expense Cliffs has put into the Decar project in order to prove the viability of this new form of nickel deposit, has only increased the value of Wale, and any other subsequent properties that First Point can find.
It will be very odd to me if we learn that Cliffs has been wasting there time.
A positive PEA should do much more than add value to Decar.
Let's hope the market looks closely enough to recognize the true value.
HH