RE:RE:RE:RE:Re: Dead Cat bounceSprott is a terrible example, they have lost millions and millions since going heavy into mining in 2008. For example, look at SIC.V from last year. Sprott went gung ho and everyone thought that property would be the next big gold rush. Check it out today, nobody cares about it and they had some decent results too. If you don't have a proven resource or you aren't hitting at least 15g/t Au over 30m+(half an ounce over 100 feet or more) over and over again, nobody will consider buying you. Look at GBR this week, they had stellar results and then now they hit some deeper, lower grade gold and it just got killed. But the difference is that GBR and SIC aren't located on top of a glacier in the golden triangle, in the middle of nowhere.
Look at ABN's site, just like GGI, CLM, and the other area plays. The second you see a helicopter, it means cost is going to be huge. It's TOO EXPENSIVE to go up there, you need to get around $2K a tonne in minerals just to break even, that's including G&A expenses. Even if you can get around that and commodity prices are good, good luck dealing with the piss poor politicans of British Columbia who are all terrible when it comes to business and the green hippie treehuggers have damaged that province. Wish I was so wrong and we had more mining projects in BC, along with a conservative government. But the levels of fear mongerging on a provincial level are hilarious.
chry200030 wrote:
If what you say is true, one would think that Sprott would of stayed away from buying into the PP last year. I think it's best to wait for the latest drilling results and then see what the next steps are.. I think we will all get a nice surprise.....