OTCPK:DRLDF - Post by User
Comment by
termic1on May 12, 2016 6:36pm
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Post# 24868013
RE:Don't Get Fooled!!!!
RE:Don't Get Fooled!!!!
While your point is legitimate if you wait for the Preliminary Economic Assessments and it is great; you are going to pay twice as much. The fact of the matter is that anyone who is buying juniors should understand Risk/Reward assessment. If they do not, they should not be buying juniors as there are risks, but not really greater risk if you do you DD. I have had major mines go down the tubes because of different risks; Geopolitical like Africa, (mine was great but the CEO was a thief and manipulator. Government Risk, people risk who protest and shut down mines, and how about kidnappers of mine workers in Mexico because the mine is rich and they know it. And, they have to post guards 24/7 around the mine. I personally believe that risk can be significantly mitigated with appropriate DD; and yes you can lose but that is why develop a strategy of a basket of juniors (imo). I doubled my money on Kam with that buyout and sold off half which covered my full investment and then bought two more juniors that I believe will have major upsides. Do your homework, all mines have some risk; it is the nature of the beast.