RE:RE:Getting boredj1nxed wrote:
I just look at the NPV discount and compare it to other juniors and say "why would i sell now? They are closed to fully permitted and fully financed for stage 1". Look at the CAPEX requirements for other juniors (i think this is the biggest risk after permiting), what good is a project when it costs more than a billion dollars for a junior?
I don't know what you mean by institutional investors, we have greenstone and there were several funds that bought in to the last placement. This stock is too illiquid for a pension fund and it doesn't suit their risk apetit anyway.
Hard to find buyers for copper juniors in this climate, not sure what MIN can do about it either, they have been a lot better attracting smart money in PPs than they have been attracting retailers to push it higher.
Production is roughly 9 months away! how many juniors as trading at a staggering >80% discount to NPV this late in the process?
Well said, j1nxed. I don't view MIN as a name on a piece of paper that I can make a couple of cents on and flip. I view it as a legitimate business that is being offered for sale at 20 cents on the dollar. I've been a buyer since 2015 and haven't sold a share. Once financing is announced and production begins I think we'll see the world take notice. I'm still buying.