GREY:HRTPF - Post by User
Post by
Ogopogo007on Jul 04, 2013 12:38pm
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Post# 21589069
HIgh risk, high reward..or no reward
HIgh risk, high reward..or no rewardWhen I walk down the aisles at PDAC, remembering Rick Rule's warning...997 out of a thousand Co's here will never find an economic ore body...can you spot the 3 that will?
Brent Cook has a 3 phase chart, resource market
Phase 1 Exploration - when drill results drive SP
Phase 2 Development - spec $$ long gone, can take years, no upside unless it get's bought out
Phase 3 Production - the part of the chart when a Co makes the turn from Ph 2 to Ph 3 can be quite profitable
Brent Cook has another famous saying...can the Co turn rocks into money or just money into rocks?
Where does HRT fit into the above?
Ph 1 offshore Nam is active, 2 words can change things in a hurry. Commercial hydrocarbons
Ph 2 monetization plan in Brazil...still working on it
Ph 3 - Polvo, becoming a producer in 2013
Most Venture listed Co's do this one step at a time, not MM.
Only retards would go looking for oil in a retail store