Ann: MPJ Advance with New Nickel Sulphide Zone Identified - ROE 2, page-40

Let me reiterate what I meant. I believe for the moment until further drilling, MPJ is worth 0.6 / 0.7 as what they have released proves they have not found anything economically viable to mine as well as they have not felt confident enough to attack the category 1 conductors / gone for a drilling target that would produce any results aside from blebby nickel patches. They may have 40km worth of strike zone, until they can prove there is something worth while in this 40km, then they essentially just own the rights to tenement. 0.7c = $11.76million MC which is high enough for a explorer and with about 1.6billion shares outstanding at this point, I believe the current SP is fair value (I know it's early to assume options will be exercised at this point so they shouldn't really have any relation to the current mc, I'm factoring them in to prove that the MC with everything factored in is high for a explorer).

This is just my opinion. MPJ may be consolidating, but it's fair enough to assume until news / timeframes becomes closer, there won't be a hell of a lot of movement as there is no reason for buying pressure. Although, I don't hold a considerable amount of options in comparison to other posters, I hold enough as I believe the reward far outweighs the risk and believe the company have a good chance of finding nickel considering the team behind the company and the tenement they drilling at. This doesn't mean it's a certainty that they will find something though and as I have no intention of selling until October / November-ish, who cares what the price is / will be in the next coming weeks until we get some news.