RE: RE: RE: RE: Its puzzling“Eric Sprott: however is a serious Investor, who ONLY goes in after extensive due diligence is done”
And yet he piles large amounts of his $ into junior explorers just like everyone else does. Many of those juniors don’t have any resources, let alone 2P reserves, and they are just starting their drill campaigns. Like PX.V when Sprott bought around 10% of the company a couple years ago when they were just starting their exploration campaign in W. Africa. They specialize in juniors, which are all speculative.
“I do believe that there is some serious gold here but I like many want some Proven or probable reserves before SERIOUSLY INVESTING”
Then be prepared to pay upwards of $300/oz Au in that 2P case instead of $50/inferred oz when it comes in the next NI-43-101 report. And don’t come back for another 2-3 years b/c that’s how long it will take to drill something this large and place resources into 2P reserves. Lower risk, sure. But the rewards you’re going after are much smaller too. Like a double vs. a ten bagger. Whatever makes you sleep at night.
“The share price here is way oversold on speculation & hype. Fantastic drill reports are already "baked into this SP" good results will plummet this SP”
Is this a fact or is this your hope? Big Difference!
Everyone’s got an opinion. That doesn’t make it reality.
The greater the market cap of a company becomes the slower the rate of growth in its SP. That’s the same for any company in any sector. That doesn’t mean it falls off a cliff b/c it happened to some other company. For every company that happenes to there is another where it doesn’t. You can’t just pick one company where that happened to and say this is what will happen to this company b/c it happened to that company when there are thousands of juniors in the market place and they all trade differently. Every situation is different. The variables that make every company go up and down at any point in time are also different.
Ventana plummeted after great drill intercepts too. But it was all to do with owner disputes over its property that sliced the SP in ½. Once that was settled it doubled again in little time with very little in the way of assay results that were no different than their past results. Land disputes are not an issue with GBB. So every situation is different. You can't paint everything with the same brush. Its way too simplistic an aproach when the reality is that every situation is unique.