Why I bot over 30,000 today, Value and GrowthAfter watching the new presentation, even though have been in this for months before the gold strike and tripled position in first week after it, picked up about 34,000 more today, selling other things to do it.
Why?
1. Look at my list of other stocks, and only AIPT has similar ability to go way up.
2. Value, it is less than 1 PE now, serioulsy. It only has to produce about 24,000oz a month to produce $400,000,000 in profits per year, they have said they have 90% margins on this type of ore. They did 24,000oz in one week, and am ignoring the 40-100% preminum they can get in specimen nuggets, every mineral muesum in world will want some. The Big Daddy one may fetch 20-30 million if they get bidding war going. Hmm, calling it the "Big Daddy" fits the Fathers Day Strike. They should call it that.
3. Growth, what company of any type grew rev, profits and book value a higher percentage in Sept than RNC? It may be fastest growing compny right now.
4. After watching the presenation below, have decided it is likley that RNC has millions of OZ of high grade high margin gold in this new model. Everywhere they test it with tunnels they hit it, even kilometers away. I do have a geology background.
So that is why increased position, just seems a better invesmtemt than alternatives.