the sir $10.00 party?, page-20

Morning Folks,
Yes there was a movie made about the "Posieden" nickle and it starred John Laws if I can remember rightly.I enjoy reading all the posts but I think sometimes we need cold shower. The reason most of us bought these share was because of the areas that they had, the type of material , the location for future mining,
and the man and management putting it all together.
Mark could have walked away with good cash hit long ago but he trusted his own work, the man is no fool.
Also there are two more major areas that have a lot of potential. My history with shares is that TA goes out of the window when you are dealing with blue sky projects as good as this. However as far as price goes the rule of thumb I use is the prospect area defined and the same area drilled with the results of the drilling. So the question is if has 10% of the same area drilled and tested = $x how much would it be if they get a 50 - 75% strike rate or better. Only you can make that call. The icing on the cake is the other two areas and one will depend on where the gold price is in 1-2 years time and watch happens in the US with the DOW etc.
Have fun with SIR.