The glass is not 1/2 full anymore Ah, Zed, you must be optimistic...As RP seems to have taken a vacation, I will try and adopt his style.
Remember the fabulous port. Well not really a port at all, but a deepwater bay.. Dam up the outer part and heat it with LNG at very low cost and there is even the opportunity for a world class resort on the bay. Nunavut loves tourism.
Remember that the cheque for $25 million is just sitting there waiting to be cashed, and although I have not personally seen it, I have been assured in no uncertain terms from some of our experts here that the money is there.
And dont forget the premium prices that all that concentrated ore is going to bring in,. Oh, and the plans for solar power during the winter months..Ginger is nothing if not innovative.
The love with the local people will continue as long as AXI keeps dropping off huge cheques for the traditional whale hunts.. Well, not really traditional, as whale is not a traditional diet source, but the polar bears that actually eat the whale have much nicer fur.
The Chinese have $10 million into this project..But unlike all the investors, they have a debenture so that they can take over the project if there is a default..If not, then they can exercise their share options, the last one which is particularily good for them.. And then , of course there is RB plc sitting in the background like a raven waiting to feast on the remains..They have been fed well so far for a project they could do nothing with themselves..You have to admire them. I know the sheep farmers in Austrailia do, as it has taken a huge amount of wool to pull over the investors' eyes, although Mr. G probably should share in the credit for that.
I expect upon the return from the far east we will be treated to another few great NR's which will be well wordsmithed so as to tell the absolute truth while spurring on the hopes of investors who will take from it what they want to believe.
I think there will be another pump up before the final death throes and people will be able to recapture some of their losses.
Its been some fun. Made some money on this stock and now its time to move on.
Best of luck to all that continue to hold long..