THE RESOURCE DOESN'T CHANGE - IT JUST WAITS FOR USSS I agree with you – in times like this I always just sit back and remember that all this ‘noise’ (e.g. share price movement) doesn’t affect, at all, the size and quality of the minerals that are in the ground.
I always base my decisions on any change in the ‘facts’ about the resources on the property (e.g. ZTEM survey results, corridor length expanding from 7.5km to 11km, assay results of last couple of holes drilled in 2021….), or any other substantial change within the company (MTS), for example, MTS’ new Chief Geologist. To my knowledge MTS has not been involved in any significant negative change in either of these two areas in 2022. Therefore, although I would have preferred that the SP had gone up, rather than down – to me this is just ‘noise’.
The fact that the whole stock market is on a bit of a wild ride due to things like ‘the war’, ‘inflation’, raising ‘interest rates’, and the potential for a ‘recession’, make absolutely no difference as to whether or not there are minerals in our grounds – they are either there in commercial quantities, or not.
Of course this is risky business, that’s the nature of exploration – I believe, based on our results so far, as well as those of our peers’ properties around us, that the odds of us making a big discovery are very much in our favour.
I am in this investment to maximize my profit – to obtain the most ‘multiples’ of my investment that I can. When the current SP gives us a MC of $10-11M – that excites me, because when/if we do really find the resource(s) – and I believe we have a really good chance – then I also believe there will be many ‘multiples’!
You mentioned that we shouldn’t allow ourselves to be convinced to sell and I agree – in fact, my quandary now is whether I should increase my holdings by buying more now – I did that with QEX and it worked out really well!
So, in summary, I expect to be around here chatting with you until we know properly the quantity and quality of those resources in the ground.
IMHO DYODD