RE:Failure to understand value in the ground.
I thought we just had a true gold bug enter but there seems to be more conspiracy than just the usual gold bug stuff. Oh grasshopper, i once too had the true gold bug fire....it's turned grey over the last 20 years!
I'll tell you what the value of gold is - today it's about ~1500US. If you want to pay any more for it today, go ahead and fill your boots. Yet you won't be able to buy any for less. 5 years ago it was around 1250. You certainly can go on 321gold or gold-eagle and read about gold going to 5-10K. I've been reading those articles for 20 years. "The market can remain irrational longer than you can remain solvent." as the saying goes.
So i figure it's best to keep things reasonable and kinda figure gold is going to be worth 1000-2000 over the life of this potential mine. mostly to do with interest rates, inflation, the general economy...all that real stuff. manipulation will continue as it always has. retail investors will get the shaft as has always been the case.
Anyway, back to the topic on hand. MOZ was trading around 80-90 cents (i think), 7 years ago when the took out Mountain Lake (MOZ) for these properties. I am embarrased to admit that some of my MOZ shares (via MOA) may date back to when the twin towers will still standing. I am not short sighted on this (perhaps blind, foolish, etc). I did significantly average down when it was a "no brainer between 20-50 cents - when they where just (wisely) hunkering down and waiting things out. I own a lot.
As mentioned previously, most explorers make attrocious miners. apart from finding reserves, there is *nothing* in an explorers skill set that lends itself to any phase of constructing or operationally running a mine. I'd have no interest company trying to make that transition. huge gamble.
Further, small-mid size gold companies have an extremely nasty habit of eating themselves. Endeavour (EDV) has talked about a dividend for years (I finally sold 1/3rd this year). But it's always "after the next mine". At some point it's about handing money back to investors in the form of a stable dividend stream or being bought out. there is no other purpose for a gold miner. if neither happens - it just consumes itself...digs one whole dry and starts the next.
$2 today and i'd be so happy to hand over my shares to you or anyone wanting to take them! careful of greed - "little pigs get fed hogs gets slaughtered!"
/tldr
goldbug conspiracies are adorable
explorers are terrible miners
small miners have a knack of consuming themselves before returning any $$ to shareholders
i've owned this stock way too long and ain't gonnna live forever
takeover the sooner the better. the future always injects risk.
tC