RE:RE:RE:RE:RE:2021 vs 2022 presentation I think I told you before I bought a bunch of shares under .30 with a .60 expectation and when it ran up I also said I put a .45 stop in. Needless to say the stock ran then ran backwards at which time my .45 stop was implemented so I do not own any shares at this time. I am not greedy I believe the power of compounding is a more valid strategy than trying to hit 10 baggers. At anyrate, on the fence right now waiting to see a fee more drill results. If it hits .30 or below I will re-enter unless the drill results tell me otherwise.
Now on the matter of Zinc! While I feel it always has value but it seems to be always only part of the story. Needless to say I would rather have a gold deposit with silver zinc byproducts. Unfortunately predominantly zinc deposits have seldomly faired well. Zinc is not the issue but rather widths. Narrow width are very difficult to mine underground even more so! While the grade on this project is fantastic the width and consistancy have not been. As for 10 million tonnes 20% zinc you reading and mine of the drill results and deposit is different. They will come in with less than 15%! After that I am not sure of the mettalurgy ie what will be the recovery number. Needless to say unless they plan on building a smelter they will be running concentrate so what will be the recovery of the concentrate. Then of course what will be the cost and recovery at the smelter.
Ask Pure Gold why they are almost bankrupt even though they have a very high grade gold deposit. It is narrow width underground more can go wrong than can go right!
Bottom line yes the deposit has value how much value it is still hard to tell as so much is still unknown and a pile of holes to sift through yet. As for the company, hmm how many consolidations have they gone through at some point the old investors take it on the chin and the new investors have a much better chance of profiting. Again though one must always be concerend with how they spend their money. Personally, while I invest in companies that deal with insiders I am very careful when I do as they are often lifestyle companies. Alot of this one cash is spent with insiders! Yes I will continue to buy but it will be treated as a short trade rather than a hold!