RE:RE:RE:RE:RE:RE:RE:RE:RE:WRN with Gold @ 2,500.00 us ???I get it Sooner, all joking aside, you're looking for a double or a triple. Nothing wrong with that. The average S & P investor would salivate over a double or a triple in a few years worth of time. Sad truth is though, most investors (S & P crowd) strive for mediocrity, hence why the mutual fund industry is so popular. The average investor doesn't think in terms of baggers (5 bagger, 10 bagger, etc.). They want the double over the 5 to 10 year period because that is the norm. The average investor will look at the junior resource investor and think they are crazy, greedy or being unrealistic. Fine, let them have their mutual funds I say.
If you study the junior resource market over time you will understand why hoping only for a double or a triple is being way too conservative. Fine, I get you can buy at X price and then set the sell order at double or triple and just wait for that to happen. But, why be so narrowly focused on a specific price target as to ignore the possibility that you could achieve a much higher gain if you wait for a buyout?
Go view some of the historical videos of Rick Rule interviews. This is a world class investor who buys at the bottoms in anticipation of spectacular gains. He's been there, done that as one would say and he plans to do it one more time during this current cycle. The junior resource sector is the one sector that can deliver outsized gains during bull manias similar to what we saw in the 70's and 2011. The cycles are sizing up for new highs in the not too distant future. BTW, a 10 bagger is CHILD'S PLAY at the heights of a bull market for top junior resource companies. I had almost a 30 bagger with a company Sprott got involved with back in 2020 just on the fervor alone.
Look, I fully admit that if we have lousy, back-stabbing management we could easily get sold out at or below your $6 dollar target. I trust though that the insiders are playing the long game like I am. But, that is the beauty of share ownership, we all get a vote per share on any future divestment decisions once the suitors get down to bras tacks at the negotiating table. The longer it takes (gold can easily tack on $100 or more to the spot price in a week's time) to negotiate the higher the payout will be. Once we break past $2,500 the next stop will be $3k gold (about TWICE) the value of gold per the PEA. If RIO or any other suitor thinks they can buy Casino based upon that low, outdated figure they'll have to step back and realize that "We aren't in Kansas anymore toto......".