RE:RE:RE:Warren Irwin founder and CIO of RAM ...Yeah, I am never impressed by anyone that made money on either side of Bre-X - since it was a fraud........that in itself gives me pause. His hind-sight after site visit and then someone "falling" out of helicopter are convenient too.....
I realize he is a major shareholder and has a bias, for sure - but he makes some interesting points as to why he voted with his dollars. Some of those could easily be positively spun towards FCU as well. Some of the things NOT mentioend (shallow high grade land hits by Fission, and indicated versus inferred not even touched on) also said a lot to me. But, again, what do we expect, he is promoting his fund and something they hold....
Not saying the guy's opinion is right, etc. Was interesting, as I said. I vote with my own dollars, which are mostly in Fission at moment, but we will see if my vote is right or not.......
If FCU is at 150 Million pounds today (I think that is realistic if maybe a bit optimistic), with maybe 100 Million indicated - based on a lot of drilling not accounted for since original resource estimate - and a majority of new pounds shallow under land, not water......well, by same logic Irwin uses, FCU is worth a lot more than what it is trading for as well (especially since it is about 1/2 share price of NXE right now).
I like NXE also, just won't go chasing the tail of the dog....especially a dog that has not derisked as much as FCU has....