RE:RE:Paul at Beaver CreekComplete failure to overcome the basic caricature I offered last month. We're still just a "low-grade, marginal, uneconomic project in the middle of nowhere. Higher metals prices will only be due to inflation, so higher Cu won't help NPV anyways, pass."
Similarly, someone on another BC panel this week answered the question of "what do we need for investors to re-enter natural resources?" with "ya know, I think we just need a REALLY exciting discovery!"
F. That. TSX and TSXV has how many worthless lifestyle juniors picking over the same claims?
No, we need to start seeing developers taken out at 60-80% of NAV irrespective of current market cap.
These majors keep talking about dearth of projects, about lack of reserves. Plenty of solid development plays here stuck in a Mexican Standoff between Premium-to-Market-Cap and .7NPV or whatever the average was last cycle.