RE:RE:RE:bre-x numbersjonggua wrote: the reason for the comparison is there is no comparison since wits 1.0 of over 100M oz deposit, except the rumor of bre-x.
bre-x only ended up with 45% of the deposit (which was none as we know) but the market in 1997 was willing to value it at $6B market cap at the top.
those who put a low valuation on our future because of the recent hatred of mining stocks forget how crazy things can get in a mania.
If we get wits 2. wow numbers, plus a rising gold price, plus cheapest mining costs on the planet, it could be astounding how high we go.
my objective for mentioning it? I don't wanna sell at 14 if it might tack on another zero.
Purdy has great future but comparing with wits 1? There is no proof that novo has at least 1/4 of wits 1. Can be the case though but for now it is just another land with good prospect