RE: RE: Buy nowYou underestimate the political capital that's involved here. An election is riding on it. The Fed Conservatives want it too. The pipeline will be a go just because jobs are required. The list of these types of actions is growing. There is a socialist movement afoot globally. More countries are batoning down the hatches. More nationalizations are going to happen. This will be our Financial 1984 Orwell. Watch the USA take up more of our supplies. Mexico is also in the hunt. I said a NAU was coming and I wasn't kidding. It's true that many a bb are clamouring for a buyout but apples to apples? I don't think so. This is a national sized project with refined grades for a fast payback. If we listed the total amount and ignored the need for a fast pay back we'd be gigantic but lower grade. Given the times we need a fast payback. I think management has addressed it even if the phones are still ringing about the hair cut. In the next week or so the investors will see what's really up. You base your ideas on a buy out only. You forget that we can build the entire thing if push comes to shove. The majors will soon see the signal that we will go after a mine just by continuing business as usual.
What you won't see is management scramble. Have no doubts that we can build a mine. We certainly can. That's our biggest trump card of all. Even in the worst deprtession copper will be required. You forget that people preserved their fortunes with Coke a cola shares. If we go into a nasty depression I want my money in the ground. Do you recall what happened to iron/steel and copper prices after the depression? What do you think the politicos will do this time around? As for acquisitions after 2008. You can say they took a beating now but what about 10 years from now? Did you think they buy 50 year projects just for tomorrow? They need to bury the wealth too.
The only way to get rid of the trillions and trillions of false wealth is to destroy it. They are clearly doing it in waves. That allows the markets to adjust. Yes, the stupid are the ones paying for it while the guys who did it are getting off free. Welcome to our corrupt little world. So if you have a 10 year plan I bet it includes how to hid your wealth so you have some for the next round of good times. I've been through 3 recessions. Nothing new to me.
Remember when they went around to farmers and told them they had to buy big equipment to up production in order to survive? Some actually had their banks threaten to pull loans if they didn't. Well, the next thing that happened was interest rates shot up to 19%. Guess who took the land. Then came the 80's. Remember them? Same things just different wrappers. Why can't people remember this rip offs. Why don't they punish the politicos? Did Canada really vote for failed USA policy by desiring a prison state? Wake up and smell the coffee. There are only so many scripts for the politicos. Re wrapping them seems to fool the people every time so why would this be any different.
The world has been hoaxed into enslavement through debt they didn't ask for. Yet, they allow it and accept it. Greece is at least putting up a fight. We on the other hand have been tasered and beat down into compliance by our police state. We have no balls. When Rodney King got his beat down the city paid. We taser children and murder people in airports with tasers and nothing happens. Our Attorney General comes out and says the video lies and the idiots of Canada accept that. Then the vote a facsist government in and bewhail the prison state it creates. None of this will change.
So when I tell you political investment is involved you can bet this project will go ahead. I will go with them instead of against them simply because I don't want to try standing alone. I know as a single entity I will lose. If Canadians stood up for themselves and began nationalizing I would play with that too. What I won't do is run for cover when I know there's no cover on the outside.