GREY:PLUUF - Post by User
Comment by
Austrian007on Jul 04, 2018 9:27pm
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Post# 28270172
RE:RE:So what will
RE:RE:So what willI think comparison with Gold is misleading...
Gold and silver mining companies can always sell what they produce... they do not ever have to inventory up unless they do it out of choice. & they can sell it at the spot price without issues.
Certainly not true for most other commodities as the market price is not the clearing price. PLU can max produce 100,000 t of LICO3 pa.... if they try to produce 200,000 or more, they will crash the market price and if they produce much more than that they may not have any takers at whatever price.
But I entirely agree that PLU will be a world class deposit and its one of my top 3 holdings and I intend holding it for the next several years..
Wever1974 wrote:
My broker over at Sprott says at a min .gold equivalent.
of 10-15 mil oz mine .MC is many many many multiples
15x more at a bare min. Personally I m thinking it’s 25x from
here and that’s only on the LI .. Truly world class without
a doubt. Market not paying any attention .Getting ready for
another msjot leg up.