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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (6211)	4/11/2014 3:30:52 PM
From: UPTICK	Read Replies (1) of 203302

GOOD for you IMHO...from SH... That is the type of ressource we have at PLS , now with two conductors mineralised...and IDK how many others coming...??? The Vale/Inco Voisey's Bay similarity So I used to work at Vale as a Mineral Processing/ Mining Engineer and the Post-Ovoid project, being my baby, was something that drove my looking at the history behind the deposit. Like PLS, the Ovoid project, when discovered by Chislet and Verbiski, was a massively successful drilling campaign which was initially for diamonds...go figure. They observed surface mineralization on "Discovery Hill" (a deposit that I helped solve the key to processing given its complex mineralogy and finely disseminated Ni BTW) with a massive anomaly close to the site (geophysics). When they started to drill the nearby anomaly the first major successful hole turned up ~4% eq.Ni @ 40m starting close to surface. They were very quick to contact INCO about their very successful find. INCO was going through quite a hard time during that period if my memory serves me correctly and they were trying to rift at 1.5%eq. Ni from their underground operations in Thompson and Sudbury. The price at the time $1Bln. Well INCO exec.'s sat on their hands as C. and V. simply kept the drill turning. By the time INCO bought it, the pricetag was nearly $5Bln. Now the deposit(s) has driven over $15Bln in infrastructure alone including a $6Bln Hydroet facility in St. John's. My point, a buy-out now is not necessarily the best thing unless you're going to miss a mortgage payment. The more they drill and report, the longer we give Japan to start up their reactors, the more time we give the mining cycle and economy to reverse into a more bullish period, the better rewarded we will be. Take the Longview and you will reap the rewards. Good Luck! heritage.nf.ca

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