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Well, I'm seriously just dipping my little toe in the water. I figure I don't use that too much so if I lose it I'll still manage to hobble around . I put an order in at 4.2 Don't have any exit strategy yet
FNX Mining Company Inc.: Underground Drilling Intersects High-Grade Cu-Pt-Pd-Au Values In PM Deposit Wednesday June 4, 7:31 am ET
TORONTO, ONTARIO--FNX Mining Company Inc. (FNX-TSX) and Dynatec Corporation (DY-TSX) report that the underground drilling program on the McCreedy West PM Deposit has intersected high-grade, copper-platinum-palladium-gold (Cu-Pt-Pd-Au) values over significant core lengths. HIGHLIGHTS
Notes and abbreviations to accompany these Highlights are located below Table 2.
The Cu-Pt-Pd-Au rich PM Deposit occurs within an extensive zone of Sudbury Breccia situated in the footwall of the McCreedy West Mine. The deposit is approximately 1500 ft. long and 1000 ft. wide and varies from several ft. to over 150 ft. in true thickness.
The PM Deposit contains two distinctive types of platinum-palladium-gold mineralization: high-sulphide (copper-rich) and low-sulphide (copper-poor). The high-sulphide type occurs within a stockwork of veins, disseminations and massive chalcopyrite containing Cu-Ni-Pt-Pd-Au. Areas where this type of mineralization is the thickest, (true widths of 50 to 150 ft.) may prove to be amenable to bulk mining. Within the mineralized stockwork, individual or clusters of massive chalcopyrite veins, up to 50 ft. in width, contain very high-grade Cu-Ni-Pt-Pd-Au values and may be amenable to selective mining methods. The low-sulphide type, because of the lack of visible sulphides and low copper and nickel (Ni) values, is referred to as the "no-see-um" type. Many of the holes reported here contain no-see-um type mineralization. All three holes in the most southeasterly drill fence in the PM Deposit intersected high-grade, no-see-um type Pt-Pd-Au mineralization (FNX 3022 - 15.2 g/T Pt+Pd+Au over 64.1 ft., FNX0139 - 23.9 g/T Pt+Pd+Au over 6.0 ft., FNX0140 - 10.8 g/T Pt+Pd+Au over 10.8 ft.). This mineralization may represent a new type of platinum/palladium/gold ore in the Sudbury Basin.
I done screwed up. Sold my position for a measly 5% gain on Monday. Was out at 4.25. Saw it at 4.2 yesterday, almost got back in. Now I'm finding myself wanting to chase it up here in the 4.5 area. But I'm gonna wait. Probably take some 4.3s if I get the chance But will have to set an ultra tight stop then.