Listen to the Chief I for one appreciate all your posts Chief. Especially one where you explain the action of brokerages. Don't know why you bother to answer obvious bashers. I do not own the size of position that you have, nor do I have your ave cost base. I do however have sufficient shares of ZEN to make me a millionaire again. I placed all my spec capital into this company last spring That spec capital now represents more than 50% of my overall portfolio.
My broker called yesterday to congratulate me on taking such a large position in this company. I thought he was going to attemp to persuade me to take profits. Instead he tells me he is still recommending clients to take a position. I have vetted my calculations of insitu value based on 10m tons @ 5% grade and 5% of deposit value with this board, my broker, the GIL author and a Geologist, who is directly connected with Zenyatta. The geologist told me that the rule of thumb is 10% of gross deposit value rather than 5%, but said being more conservative with 5% is a good thing. I am very comfortable with my investment and to date have not sold a single share. Folks like yourself, who have taken the time to do a little research and punch some numbers into a calculator are well aware of the value of this company.
I thought I was pretty knowledgeable when it came to these as I have been to the TSXV school of hard knocks, but you sir have given me a deeper understanding of the logistics of the market since you started posting here. I would like to thank you for that, and have now done so publicly.
Muff