RE:RE:RE:RE:RE:RE:RE:RE: GCU vs PRB
Peace, brother. "A legend in your own mind!" Hey, I resemble that remark.... To be more clear, I'm saying that 5 years ago there were established metrics in this market for what a junior was worth based on grades, indicated vs. inferred, ease or difficulty of production and ore recovery, etc. Well, post 2012, that market disintegrated and with it all logic. The producers need reserves but they don't want to explore or buy them at any cost because capex is now verboten, temporarily. So the valuations of GCU and countless other good exploratin companies with viable deposits are down more than 90%. No logic, only sentiment. The in situ values make absolutely no sense only because nobody wants to take in situ ounces out of the ground. It's all about sentiment, and when that sentiment changes those companies that have survived this will be worth huge multiples of where they are now. When the sentiment changes it will happen so fast that it will be too late to be on the bandwagon. As for this company, all I know it should have disappeared when Mr. Flatbush was forced to dump a huge chunk of the float, but it didn't. It went up. And insiders are buying, and you have a somewhat famous economic geo who cares about his reputation making a bold statement about the company and the company was able to get financing in an environment where it was said that no junior without high grades or production would get financing. My point is that without any solid information I am too stupid to understand what is going on and all else is speculation. And Shill's or anyone's well thought analysis of the situation based on the old PEA, the old information about this company, and the old metrics does not matter. I look at the current situation. There is still between 4 and 5 mil oz of AU plus silver that at the current prices for these metals and the current lower costs of production should make the market cap enormously higher but nothing is going to make it higher until or unless some new information emerges, a buyer or competing buyers emerges, or the crazy negative market sentiment where everyone wants to be in the Nasdag bubble changes. Look what happened to gold prices and juniors after the last tech bubble popped in 1999.