GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Jul 09, 2015 7:41pm
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Post# 23909585
RE:RE:RE:RE:C.WOF-WFEMF vs V.ALL-ALMTF share price
RE:RE:RE:RE:C.WOF-WFEMF vs V.ALL-ALMTF share priceThis is, unfortunately, the conclusions I've reached as well. Almonty would have been a good initital choice but at the time its price was high for a producer with mines running on tailings . . . Perhaps with Sangdong they can do a proper job of it for the next 40 years or so. There's certainly enough ore that Almonty won't be out of the business soon, and who knows, maybe the bottom of the mine is where the IJN stashed their Korean loot. rather than having it go down with a surface ship as previously theorized. It would be amusing to find the bottom of the mine was filled with already refined gold bars ;-)
Seriously, we're sitting on a ton of money here, it's just no management team has yet concentrated on how to get it out of hte ground rather than simplyi using all their money to raise money to get it out of the ground. They SHOULD have just started a smaller operation and upscaled it as they made sales, but apparently the idea of expanding the mine by selling the ore must be the antithesis of the businessman's idea of selling what they're going to produce BEFORE they've produced it. Leverage, a great way to speed up earning money for the person you borrowed it from.