RE:A Nickel For Your Thoughts ?An interesting and insightful read.... and compellingly accurate with respect to foreshadowing IMO. The writing was on the wall for me from the moment I viewed the aerials and compared them to Voisey Bay. It lit the fire and the the collective due diligence fueled the flames. I'll be happy to convey I was there, I recognized the indicators and many friends came along for the ride. A ride that has all the earmarks of the potential ride of our lives.
Happy Thanksgiving, Columbus Day, and Indigenous Peoples' Day !
GLTA & DYODD lordcaernarvon wrote:
If I had a dime for every time a relative or friend or colleague said to me "jeez Biff I sure wish I could buy one of those multi bagger stocks everyone talks about" . Then there is the familiar refrain of "you should of told me" when in reality I actually did, but you, if you remember were too busy with your fantasy line-up. So sad as it may be some will miss out on the movie known as The Nickel Mountain Story, Thunderbolt and Lightfoot, or Voisey Bay Two. But too bad I tried my best.
Oh I did. I rolled out fact, after fact, after chart and still blank looks, ambivalent gazes, and even annoyed "I'm watching the game" furrowed brows. You can lead a horse to water. You can't make them drink. You can match up key indicators, similar geology, even exact comparable's, and still get the old bums rush out of the room. You can give geological comparisons, bright and colourful images, charts, and visuals. A spreadsheet or two, the history in the making speech, right down to quantum chemistry and massive sulphide occurrences.
Heck yeah, I even used share price value charts. Did a dissertation on Mr. Sprott, Mr Freidland and Mr. Lightfoot. But nope no way, nothing doing, more interested in plus minus and those dreaded PIMs. Is the coaches tie appropriate or even did he put his left sock on first ? Critical issues to be sure. Hell I even went as far as to wave that perennial modern husband, responsible parent, I listened to my father in law checkered flag of mortgage freedom. Nope, nada, nothing, no how, no way.
How many of you will have or already do have those stories. A garden variety ground floor opportunity in one of the greatest finds in Canadian and possibly global mining history. If not from even earlier clues, the September first release gave us notice that we were and are on the cusp of an enormous nickel discovery. The likes of which not seen in more than 20 years. Voisey Bay Two ? More like Voisey Bay times two, or three, four, five ? you can take your pick. As your buds will tell you though, size isn't everything. If you can't get the grade size is nothing. Then what of the prodigal PP'r Mr.Sprott. Known in the industry as a serious gold bug, serious and stoic in his professionalism, a deep digging due diligencer, but only lately a foray into base metals. Whats his biggest angle here 500%/1000%/10000% ? He's obviously seen the items of interest that we have yet not. For ES maybe the tenor was tempting, the intervals interesting, and the massive sulphides, mesmerizing. God only knows but he's here for a reason. Maybe he's heard the rumours circulating regarding global majors circling the ore carts to make offers. Or that the downhole magnetics were off the charts.
Nah to early for that whole buy out / I'd war thing or is it ? What's the school of thought here if you are potential acquirers ? Buy early beat the rush ? Wait for spring and get more information ? Buy now before my competition offers double ? Or one gets into a prolonged bidding war for one of the richest finds in history ? Pay 10 billion now for the chance to earn 250 billion over the next 50 or 100 years ? Get the picture ? Whomever pays the piper, whistles many tunes. Don't think those on the hill now and those who will be about this time next week, postulating over the billion dollar questions won't be saying the same thing. Any hint this coming week to size and value will only up the ante on multiples of multiples. As a mining industry executive who is watching with rapt interest told me today. One good intercept with good percentage speculation and post $10 it is. $10 still one tenth of what is the probably upper median bidding point. Shucks kid these aren't your dad's magnetics anymore.
Back to my TV sports addled buddy. I finally got through to him with my argument for an investment. Unfortunately it was after close on Thursday and he was heading out of town today for Thanksgiving weekend. I wonder if he will ever realize that the $2000 cost of this weekend actually could eventually cost him $100,000 in Garibaldi dollars ? I tried. Its going to be great great week.
Oh well c'est la vie.