RE:RE:RE:RE:RE:Sic Vs Nfg vs LabHey Alwayslong,
Couple of things
You wrote:
"For SIC to be worth anything, a mining company would have to be convinced that one or more of SIC's properties is worth the time and money it would cost to do the preliminary engineering work, get the permits, build the mine, put the mine into operation, pour the gold, and believe there's a high probability that it will return a handsome net profit per ounce from the project (sale price of an ounce of gold at that time minus the AISC per ounce to produce it)
Same goes for LAB and NFG - There is a lot of work that has to be done by everyone to prove feasibility - BUT SAME GOES FOR EVERYONE!!!!! - THERE IS NO SLAM DUNK FOR NFG - AND REALLY NOTHING AT ALL FOR LAB!!!!!
Nfg could end up being worthless if their 1 property cannot prove up a resource, having multiple properties like SIC has provides greater opportunities for success, and not just on Gold alone but more.
More potential and less risk is offered by owning SIC over NFG, and a far lesser price. Remember the higher they are the greater the fall. $8.00 - to $0.40 is a long drop. From $0.40 - down is a far lesser drop and almost no risk, with all of the properties SIC is not a 1 trick pony like NFG at $8.00/share - again I stress I am not bad mouthing NFG and wish everyone in Newfoundland succcess, but I am expressing my point of view, as you have expressed yours..... I don't post on NFG or LAB, why do you find it necessary to post here?
You wrote:
mish-mash of 100% controlled properties and joint ventures with BEX, with it's most promising package (Moosehead) forced to do barge drilling into the side of a rock cliff, the jury is out. I'm no geologist or mind builder, but if SIC has to do barge drilling just to extract sample holes vs. simply putting their drills on top of the land and drilling downward in the convential manner, I'm wondering how much more difficult / expensive it would it be to actually mine at Moosehead vs. the flat, dry land packages being drilled on the lanc packages of other explorers....?
BARGE DRILLING - OMG - YOU ARE SO FUNNY - THE POND IS NOTHING MORE THAN SURFACE RUNOFF INTO A LOWSPOT OF LAND, THIS CAN BE PUMPED OUT AT ANYTIME, AND IS SHALLOW LESS THAN 6METRES DEEP - PLEASE GET YOUR FACTS STRAIGHT- BIG DEAL!
I DON'T CARE WHAT ANYONE SAYS, IF YOU HAVE PROMISING PROPERTY ANYWHERE, IT'S WORTH OWNING AND EXPLORING, GREAT GEOLOGY IS DIFFICULT TO FIND, ARE YOU GOING TO PASS IT BY AND LET SOMEONE ELSE STAKE IT, WHEN IT COULD CONTAIN BILLIONS OF DOLLARS WORTH OF SOME OTHER TYPE OF MINERLAIZATION THAT YOU AREN'T LOOKING FOR BUT FIND - ONLY A DUMMY WOULD DO THAT - I WOULD STAKE EVERYTHING IN SIGHT FIRST - CHECK IT OVER FOR POTENTIAL AND THEN DETERMINE IF I WANT TO EXPLORE IT OR LET SOMEONE ELSE DO THE WORK AND HOLD AN INTEREST - THATS CALLED BEING SMART!!!!
Really who cares how many shares there are out, share price will move regardless of the mount outstanding, keep in mind one person owns 30% of the stock, there are others that own a certain percentage of the stock and don't intend to sell until full value here is realized.
Happy to be an SIC shareholder - I can sleep at night knowing we have only 1 way to go and thats up.
Good luck to NFG and LAB shareholders and everyone in Newfoundland, success for everyone.
GLTA JKNF