I would like to state firstly this is not a wavering company hold strong. If you look at the basic principles behind how the share price fluxgates with this company you should not be worried at all.
Our company like many other penny stocks has a hard time sustaining its share price without constant volume. The result is that these companies need news in order to generate the volume needed to vault there stock. In difficult times like these you need to trust yourself by setting his or her limits and just walking away from the computer screen until those limits expire forgiving the temptation to sell any of your shares emotionally. Believing in yourself and your own due diligence is more important than ever in these difficult times. The strong will always survive while the weak will generally parish.
I want to point something out to those of you who have not noticed. This is a more than profitable opportunity to enter this company. In the 3rd week of Feb. 07 until roughly the middle of March on strong news this company traded over 25 million shares to reach its 365 day rolling high in the high .50s or low .60s I believe. Since then the company has traded just roughly 3.5-4 million shares meaning there is still over 20 million shares that are being held in a negative position.
This also means that it’s not going to take much more than a 3-5 million shares traded day on positive news to push our stock back up to its previous levels. There is not a whole lot on the bid sheet in respect to volume right now. Soon we will get the second phase of the drill program's completion and the subsequent NI 43-101 that is set to accompany that information as well. A news release of this nature will rocket this stock into new levels. And bring in many new investors. Don’t forget we have a NI 43-101 off of our phase 1 drill results that acknowledges the property’s value at 138 million gross and roughly 40 million net. With 2000 more meters of drilling to come including some very good intersections as already released this year. The NI 43-101 completed on Phase 1 and 2 drilling information should be far more profitable than the previous one.
But how much? Versant partners seems to think the mine could produce roughly .30 cents per share over 11 years which would give investors who purchase at these levels a pretty healthy return. It would also give the investors who purchased at .50 a healthy return as well. So the question is if the NI 43-101 confirms the mine to be worth that much will the market react and multiply the share price to reflect those levels or will it be weaker due to current market risk? I guess time will only tell and we cannot predict that. I am an excited investor these days and you all should be too. Over 20 million shares are holding strong and will not be selling in these levels.
A little speculation for those who love it. Kim Tyler worked for many years for CRVD Inco (Now Vale Inco.) in senior positions. It is commonly known that CRVD spent over 4 years exploring the land at Kenbridge and spent a relatively large amount of money in the 50s I believe it was. At that time nickel was in average demand and did not trade at profitable levels without a huge Voiseys bay like discovery. Those non compliant to today’s NI standard drill results have never been made public. But does this mean a CRVD executive like Tyler was could not get his hands on such documents? Is it wrong to think perhaps Tyler knew of these previously explored and optioned areas of land? And that he had seen the results that no one else’s eyes had publicly ever seen? Is this his pet project which he left a successful career at CRVD Inco to take his opportunity and create the next large nickel/copper mining company in the country?
I see a glimmer in his eye when I speak to him that says Yes. Let’s face it the exploration mining game is a big crock of shit and there is a lot of garbage companies out there that are fundraising money to get drunk in the bush and punch holes each summer. But not this one, this company is solid from top to bottom. Just wish I could fast forward the clock to 2010 so we could be in production already!
Also I want to mention while watching these 2008 Beijing games. Canadian infrastructure grew largely after the Olympic games in Calgary. I foresee similar expansion and growth in population as well as infrastructure after the conclusion of the 2010 games. I really believe economically we will be back in a bullish trend as Canadians with the excitement of the 2010 games approaching. Soon enough Canadians will realize the Canadian economy is being hurt and not by our own doing. But by the Americans in ability to purchase our products and the result is our exporters are suffering. The solution is we as Canadians need to stand up and start spending more of our dollar on our countries goods so that our exporters can survive through this difficult time. If we can teach ourselves that, we should emerge as one of the most stable global economies (which I believe we already are). If we continue to react to the problems in the United states by making our financial guidelines more strict and by being afraid to purchase and take out credit. The only people who will suffer is us. If you are not purchasing because of something going on in a neighboring country then you are in effect allowing the US to drag us down with them and not only can our businesses not meet sales needs to the US but they cannot meet Canadian sales needs because of our reaction and inability to want to spend. We are certainly more stable than our neighbors to the south and we need to believe in that in order to survive, start spending! So hang onto your shorts the next 2 years will be a bumpy ride then its smooth sailing! But never stop spending!! :D
Hope most of this garble is understandable. Inbox me if you have any questions
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