GREY:NEVDQ - Post by User
Comment by
westcoast1000on Apr 07, 2022 12:05pm
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Post# 34584541
RE:RE:RE:To be CLEAR I am NOT suggesting
RE:RE:RE:To be CLEAR I am NOT suggesting The basic reasons why long term holders have seen big declines in share price:
-Buying a mine property long before metal is produced means yu suffer the dilution associatied with mine financing.
-The ug mine was designed to manage to get value out of the deposit when copper prices were stuck at around $2.50
-all ug mines suffer start-up difficulties. This site is difficult with water underground, although that was long recognized.
People who bought long ago bought too early. Buying today one is able to buy at roughly 30% of the average cost of Pala and roughly 20% below their last placement.
Please no more whining about how badly shareholders have been exploited. Pala has provided the capital to keep the process going forward through a deep deline in copper prices, a pandemic and now suplply chain shortages everywhere.
The reason we are all here is because of the deposit. Pala owns it and our interests are aligned.