Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

You can't fix the geology...

[metalhead666]

I'm still trying to find the piece I remember from a couple of years back by a geologist who said that this dog would never hunt. He detailed why narrow vein mining in this structure was impossible to pull off. I remember calling useless IR back then and questioning them with this mans claims about the deposit and got nothing but sales pitch answers. Clearly he was correct.  Klondex had the highest grade mine in the world in Nevada but it too was narrow underground veins...they eventually went belly up and sold off cheap to Hecla....Hecla has had that albatross around its neck ever since.  Narrow vein underground mining is fraught with problems...I'd never invest in any outfit chashing narrow veins. Pure Gold is pure BS and always has been...it's been a sales pitch not a viable project and a new project manager isn't going to change the geology. I made two errors this past week....against my better judgement I bought into Nevada Copper and Pure Gold the exact day they dropped bombs on retail...geezus talk about bad timing!  Fortunately they were small positions and I exited quickly with losses but nothing major....these situations do not get better....One cockroach always means there's more.  Run don't walk...hope is not an investment strategy.