FDR and the Han Solo StandardAs someone of a certain age, I can’t resist working in a Star Wars reference when at all appropriate. This morning on CEO.ca, Tin made a cryptic but perfect comment. As near as I can determine, Tin bought into FDR even earlier than I did, and would seem to be very well connected. At least if you take his words at face value, which I do.
The key sentences were almost a mere aside to his main points. (Those main points being about the difficulties of timing a stock like FDR, and his expecting, at minimum, a further $1.00 price increase on this current move.) The words catching my eye suggested so much good was happening, but not yet announced by Padget, that the majority of us could not even imagine it.
Now that’s a pretty extreme evaluation to level at a bunch of gold explorer shareholders. Safe to say every last one of us has powerful imaginations. If we couldn’t all clearly visualize the stellar future core results and fat buyout cheques, we wouldn’t be here.
At this point, I am confident at least a few of you are already re-playing that brief bit of movie dialogue in your heads. Having for the moment evaded capture on the Death Star, Han Solo is losing enthusiasm for further efforts to find and save Princess Leia. Luke Skywalker tries to rally him:
Luke: She’s *rich*… if you were to rescue her, the reward would be...
Han: What?
Luke: Well… more money than *you* can imagine.
Han: Yeah? Well I can *imagine* quite a lot.
Apologies to purists, as I didn’t stop to look up the exact wording, but that captures it close enough, I think.
The mystery doings at FDR may quite possibly be more than many of us dreamed of, but the majority of us are dreaming pretty big already. Though if I recall correctly, when Han and Chewie were loading up the boxes containing the Royal Family’s reward, it *could* been more than Han could imagine given the implied volume.
Which brings me back to Buese. Our imaginations and reality may be running a close race there too. And that is why the best move by Padget is to keep drilling Upper Antino. As he is doing. Let our imaginations take care of adding in Buese’s contribution to the resource totals.
I was only kidding the other day about Padget and his team engineering a decisive gold price breakout to coincide with the visible gold vein in the Froyo core. Mostly. They probably need a few more years of experience before they can influence the gold market so dramatically. So let’s give them some time before we expect that of them.