RE:RE:KinrossI feel like I have to stick up for Chris here.
I know I've been posting about how disappointed I've been with only getting the $29 per share, but CT and Bob have made a lot of money for me. Without them, I'd still be trying to make a buck buying shares and ending up losing lots. It's guys like them, that make investing in mining all worth it.
I genuinely believe that CT after all consideration, truly believes that Kinross is our best option. I believed in him up until now, as did you all, and see no reason to disbelieve him now. That's not to say that I won't accept a higher offer if one comes in ;)
If our resource is as good as I thought it was going to be, and I was expecting $100 per share or more, then I think that resource is going to bolster the share price of Kinross. The hardest part for them is going to be dealing with the same sh!t we are/were dealing with; that is the market just not getting how bloody big this is.
Kinross know it, just listen to the webinar they put out and how big they see this. They get what CT and Bob saw all along. They are the ones who agreed with Chris on the call that the underground will be 8g/t and they said the open pit will be 3-4g/t........so if they cant make money at that when Malartic etc are at or under 1g/t, then something must be really wrong.
Someone the other day suggested Skeena Resources as a place to put our new found wealth, so today I had a good look at their website and listened to some videos. They are going to have an open pit of over 3M ozs grading at 4g/t, will have a payback in under 2 years and an IRR of over 50%....................so imagine if we did just have the 8.5M ozs in the LP projected open pit, which is what Kinross is using as the means to come up with the $29 s/p, how profitable that will be for Kinross.
The hard part will be waiting for the completion of the resource estimate that they want to achieve. Once that's out, I think Kinross will do just fine.
I actully think that Kinross used the 'we want to complete the resource to our satisfaction' comment as a way to not provide any hint of the size of the deposit at this time, thus giving others an indication of the potential, and that's why we never got to it. I do think though that as soon as the deal is a done thing, they shouldn't wait the year to provide the estimate at such tight spacing as 25 metres, but give an initial estimate, to show the market what is coming, and help to keep that share price going up......the same as what we wanted when we waited for drill news and the estimate that never came.
HansonLockyer wrote:
Hey Chris Taylor, do you want to be the new pariah that destroyed the mining industry via Kinross the same way Patrick Anderson was? Patrick and Tye Burt wrecked it for a decade. Up to you Chris. You can be a hero or a zero