RE:RE:fruit just does not understand accounting or investingFruit, you may have nailed it. Stupid One has a cost basis of $2.96. I'm sticking to my 25-45% premium. They have a broken down, unpermitted mill with 700,000 ounces of gold that they can't get out of the ground profitably. Add in the fact the bankers are saying no to any PPs in the future and my premium may be optimistic. The fact sidebet needed to post 20 times tells me he thinks he's right or he is panicking. Either way should end up with me laughing at this poor loser. $2.96 breakeven, hilarious.
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