RE:RE:RE:and the bottom line about Rick Rule is this: he is a used Rick Rule recommended IVN for months when it was around or under $1, even at $2. When it hit $5 a year + ago HE WAS CLEAR on an answer on BNN, that if as an investor you have made a profit, especially a double or more, that you should sell HALF, or at least your original investment, and just let your gains continue to be invested long-term if you liked the company.
To me that sounds like it was great advice both getting in and getting out - so, on this stock in particular - I think RR was bang on.
Commodity/Resource stocks are super risky, add in political jurisdictions and they are even more risky. The deposits that IVN has are INSANELY good. The minerals in them, also have superb industrial uses. Have a look at the items that are likely needed for the batteries to store electricity.
Patience (and likely diversification) probably the key here. Commodity cycles can be long, but quite lucrative if you can hang in there, or time them (pretty hard to do consistently on both sides of the trade) properly. I have seen many do really well, buying a core position, trading around that, or slowly building a good sized position by adding regularly on dips in prices.....then waiting till the bull in that particular mineral and selling at highs.....Takes cajones, yes, and won't ALWAYS be right.....