RE:RE:RE:RE:History - PerspectiveThe 10-year chart is a harbinger of things to come.
No reason we can't exceed expectations.
Great conversation guys.
PeterOffDuty wrote: I agree. If you want to know stress, get into junior mining investing right? LOL
It can be high risk, but also high reward if you manage your risk and take time to research the companies/people you are trusting with your investment.
Thanks for the updates and some words of wisdom for the newer folks!
POD
iluvmycash wrote:
Sure - in time . The problem is investors today think they are investors . They are not . Time frames are what counts with a great company . Yet after 6 months , 1 year , even 2 years , impatience and whining runs rampant in somes minds .
In example Kirkland Lake, we rec 'd d at $ 3 bucks , after 5 years we saw $ 68 bucks - Im going on memory here , not records . I personally got involved at 5 bucks , and the whining over the years and price swings were amazing . Yet we published a sell Kirkland at $ 65 in the BTR room .
I can cite many examples of long term stays that are porfolio makers as Im sure many can .
The point is to stick with them IF they are great companies.
GQC and its management and backers ARE GREAT !
Some go quicker than others . Once the permit is issued , we have a long haul to $ 10 bucks IF we are not taken out .
As I / we have stated many times AEM is NOT interested in buying us at this point . After 5MM ozs in ground their interest may be peaked .
We have quite a history with AEM , so we think we are qualified to say that .
Lets manage expectations or you just have swing and day traders that bat the price around - I realize that will happen , and it is good for liquidity , just hate to see the retail innocent lose their cheapies to the swings - and they will !
Anyway , $ 10 is def possible in the long run - 5 years from permit is my guess .
And thats a guess , nothing from da boyz on that one !