RE:RE:RE:RE:Mkt CapFair call, this is a very simple story of a failed U explorer stumbling on a very minor RE deposit at an opportune time of wild but extremely brief speculation.
As soon as the dust settled it became blatantly obvious just how uneconomic the tiny UG Bokan deposit actually was, the ~$900kg Dy values were a dead giveaway, but without a hint of shame Mgt launched off in a vain quest for a Magic Pudding in an attempt to vindicate their earlier hysterical numbers & projections, selling royalties for heavens sake, suckers born every day.
No doubt Dan one of LT supporters but imagine he's feeling the pain but what of the bunch of "professionals", "experts", "advisers", "consultants", et al, that have put their names & reputations to this charade at various stages, presumably profited from it in cash or kind?
Dan's probably guilty of bad judgement, and paying a price, what of the others, including past Mgt?