RE:YuckHey All
Hope everyone is having a great weekend. I am building my kids a tree house - fun stuff!
So the SP is in the toilet heading to single digits pretty quickly by all estimates. A couple of things to point out:
1. the asset is proven and probable - 83 million pounds of cobalt, 1.1 million oz of gold.
2. Cobalt is still one of the most sought after commodities on the planet and near term mines are non-existent.
3. Robin is a geologist, not a CEO so given the number of times Fortune has Shite the bed, he knows that they likely only have 1 real shot to get it right - hence no news.
4. Tlicho people want jobs and revenue from the mine so no surprise that this negotiation is taking a while.
5. The road is a done deal. If you read posting on the MVRB site, I think it shows that groups are largely on the same page.
6. This investment is not for the faint of heart. If you listen to pumpers like Sandy then you deserve to lose your money. He must of lost a boatload in the early days of FT - thats why he is so bitter.
Rule of thumb is do your own diligence and be prepared to lose. not all investments are winners so don't put all your eggs in one basket. Oh by the way 80% of investors lost nearly half of their nest eggs in 2008. The market is a tough nut to figure out.
Oh ya, at this point there is nothing to do but put FT on the back burner, invest in something else and tune in to their website once a month. Time and/or cash is not on their side.
GLTA,
Yellowknifer