RE: RE: RE: poor vanpinhead thinks he's a philosopYou should have read the report and done some DD before you bought it.
The pit would only be economical under very favourable moly price conditions. It has a huge strip ratio, even when they included ore down to 0.025% Mo. It won't make anybody money for quite a few years after it starts production.
Now that alone doesn't mean the project doesn't have the potential to go anywhere. You just have to combine a few things:
- Since early 2009 nothing has happened except 12 holes drilled, 6 from the same pad in 'zone 61'.
- Beatrix was spun off along with 250k cash.
That is literally all that has happened in the past 2 years. During that time management and insiders have soaked up almost 1 mil$ in management and consulting fees. So put 2+2 together - management eating up all the funds while absolutely nothing is happening - and you get this will go nowhere anytime soon play.
Not to mention Beukman obviously plays games. 90% of the posts on this board are fake (as in not from genuine posters). That doesn't mean Bard is involved, but I'm highly suspicious Beukman releases information through them (the johnny alias releases non public info all the time, they constantly post e-mails that contain non public information). There is no way they could consistently do this if management did not aid and support them.
Also Beukman was straight up disingenuous in some conversations I had with him. Especially concerning insider trading where he demonstrated he understood reporting time frames but then conveniently ignored them for months after that same conversation.
You can buy low on this and sell high when there's a nice pump and dump. I'm personally avoiding this until there is some progress with real results. Otherwise profiting off this is as unethical as what I've personally heard and seen from management.