GREY:ADAIF - Post by User
Post by
tenacious1on Mar 30, 2008 11:05pm
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Post# 14923481
relax- mining is a longterm business
relax- mining is a longterm businessIn mining companies, perhaps more than some others, the chance of success can be determined by the apparent acumen of the managers, since there are bigger gambles/variables out of the control of the production function, but that risk keeps many out of the busines, allowing others to do very well.
So far, Felderhof has picked up a whole lot of very valuable properties very cheap, brought one of them on stream in a timely manner without alot of setbacks or extra cost, continues to find good grades in all the surrounding properties to add to mine life, and has alot of other things happening in gold, barite and Nfld which are really not factored into the share price at all. This baby may take some time to turn big profits, but meanwhile it will be developing alot of valuable properties. I don't find anything to suggest management is other than a good bargain, and that's really the bottom line. I welcome any comment. Doug.