OK, here are the reasoning, and I am going to intentionally stay away from numbers and calculations, although I love numbers.
i think Ni discovery along with all the other exciting metals is increasing the resource value considerably with each new discovery - obvious, very true.
I think ROX have great partner in Teck and are going about their job methodically.
The market for small explorers has been very very poor, but is improving for the ones that show promise - demonstrated in recent CR's, although at a discount. The price has rebounded and we are not seeing a massive dump.
Small explorers - the market and the large instituitions only need to see confidence, and the logics of P/E and other ratios we can talk about dont apply. It is more about sentiment.
i know I have not given numbers, but even if you had to calculate price of these commodities, extrapolate to the resource need, interject it with the boom of the new world economies, China and India, I think there is sound logic.
you may still not be convinced, and if you are not, I am sorry, but would want to refrain from quoting numbers and getting into a ping-pong game. This is my belief and I hope it comes true for all the LT holders.
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