RE:RE:Is this stock a P&D...?Warlockkk wrote: Many were asking the same question about Diamond Fields in Nov 94 when the sp went to $4.65 based on 33m of Sulfide. Of course after hole2 was announced the sp went to $13.50 and the rest is history!
Very true and it also needs to be noted that the tenor, which is the metal content of the sulphide, in Voisey Bay was 3-5%. The tenor here is 5-8% which is truly a world class reading and is similar to Norilsk where they have been mining Nickel since the 1930's. These readings are real and the assays from the semi and massive sulphides will also be world class. Even the original holes which only hit the 'halo" of disseminated sulphides had grades of over 1% Nickel. I think the main reason for the delay is the amount of different metals in the core and each has to be measured accurately. Also Sprott bought plenty yesterday and his track record isn't too shaby but the main thing to understand is the tenor.