RE: RE: Look at the Chart I don't need to get into a p*ssing match either.. I'm sure taking a tranche here is not a bad idea.. but $6.00 a share mentions is enough to make some retail load up the truck which is completely unfair.. yes they shouldn't be taking gospel from a private board but anyone seeing 1000% return possibilites may be naive enough to do so.
In a junior mining sector that is being beaten and brutalized I'm only interested in the top 5 take-over candidates which for me were TRR, GCU, NES, PVG and ATN - all are in safe jurisdictions, have high-quality resources and will be sought after by majors.
I've yet to see a major pay top dollar in South America - hence the market capitalizations of Andina Minerals, Exeter Resources, Guyana Gold, and several others. I would agree that SSP is in the to tier of the 3 previously mentioned companies but regardless these companies all trade for under $20 / oz and have for the past year.. with the exception of GUY which killed many shareholders due to dilution at a terrible time and disappointing cash costs.. included in those ugly cash costs were royalties though which SSP will be subject to as well so $400 - $500 / oz may not be as realistic as $550 / oz all in.
For a bit more of a premium majors can buy in North America with better grades and more peace of mind.. I don't know that majors are interested in putting much more money in these projects outside North America when they're having to deal with litigation problems, environmental disputes and over-all huge delays and capital costs in addition to the funding of the mine...
Newmont and Goldcorp have had huge environmental disputes over great properties they picked up outside North America and the risk of dropping millions on something that takes a couple years to permit and has no 100% guarantee doesn't seem worthwhile to me in a sector where everything is badly bruised from this correction.
This is my last post as well, good luck with your investments