GREY:PGDIF - Post by User
Comment by
Silverwhereon Dec 23, 2016 7:20pm
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Post# 25641884
RE:Voisey's Bay
RE:Voisey's Bay
Mill, if we “hopeful” longs read between your cryptic lines, what you are hinting at it is, for an exploration play, PGD has limited i.e. next to no upside potential left...
“History does repeat itself, but only for those who don't learn from it. We might be paying the price for that lesson”.
Honestly, are you really saying here anyway?
In plain English, what are you getting at here? Kindly drop the cryptic mumbo jumbo, and just say it in layman terms.
(Please talk to us like we are as stupid as you think we are).
mill44 wrote:
In 1995, Diamond Fields Resources Inc. (Diamond Fields) discovered a massive nickel coppercobalt deposit in a remote region of Labrador near Voisey's Bay. Inco, realizing the
deposit's potential, immediately purchased a 25% interest in Diamond Fields. In August 1996, Inco completed its acquisition of Diamond Fields by purchasing the remaining 75% for $3.1 billion.
You can see by this how much they wanted the deposit. Usually people pay up for things they really want. Even the most hardcore supporters of PGD cannot show a shred of evidence of real interest.
Diamond Fields and Inco is a well known deal, people have been talking about how Robert Friedland made Inco pay way over the value of the deposit and how Inco wrote most of that acquisition down. History does repeat itself, but only for those who don't learn from it. We might be paying the price for that lesson.
Chidliak has its value but don't invest in it with the hopes that it will get to 7$ anytime soon. You can bet that if there is a less than slim chance for that, Robert will not let this slip out of his hands.