RE:RE:RE:RE:RE:Yellowhead Fishbillion wrote: Golden.... if flo was producing nameplate at current copper price it is worth about 5-6 / share.... it wont get that until it can produce.....flo is not worth 10 bucks.... my guess is the market is only valueing gib at 1-1.5... looks like a boat anchor... to bad with almost $5 copper... go Rusty go
As usual Zillionaire Fish, I mainly agree with most of your analysis. Regardless if it's 12-18 months from now, Florence will get into production. There's really no reason to believe otherwise. Yes, the permit process is dragging on...until it doesn't. I'm sure you realize that the U.S. government simply can't "willy nilly" deny Big Flo's final permit. Even though our current political leadership is admittedly F'ed up, we are still (for the most part) a nation of laws based on precedent. Florence is not Pebble Creek, nor is it any of the other mines in the U.S. dealing with opponents utilizing stall tactics to slow the permit process. We all know Florence is as "green" as it gets and will get final approval. On top of that Mr. Fish, you know I'm not one that places enormous numbers on potential share price. I agree that Florence is worth about $6 once in production and will even give you a $1.5 value on Gib. So, basic math says approx. $7.5 value for the two mines alone. Obviously, that imputes zero greenbacks for Yellowhead, N.P. and the rest. I, for one, don't mind waiting 2 years to get there. With the number of shares I hold, that's quite the return on investment. And, like you, I like swing trading and will continue to do so along the way. However, I'm not sure I'll post my swing trades and shares owned any longer in the future. You know why, right? Wouldn't want to offend Robby Bob Rickie Sue Rob whilst doing my own DD along the way!