RE:There’s absolutely nothing to discourage me I'm long and happy with drilling progress.
But when the FED is committed to aggressive rate hikes for the foreseeable future, and copper and gold prices are stubbornly held down by a surging USD, you have to be realistic we are not in the best of times. Junior miners are in the dumps, and in my humble opinion the FED is tilting at windmills.
Inflation? Bad bad news for many people. The FED says wages have to be slowed. Garbage. They are only trying to keep working people's heads above water. The price inflation that is driving prices is being caused by supply side bottlenecks, Chinese and Russian decoupling from the global economy, and pent-up demands from millions of middle class consumers who spent two years not spending money as they usually do - entertaining, travelling, weddings and funerals, new cars, new clothes and furniture ... the money they have to spend can't find an adequate supply of what they want. Then other products and services have seen an opening to jack prices and profits. The FED is virtually toothless except for precipitating a hard landing recession which will hurt the weakest the most.
Eventually the pressure of higher rates is going to bite national debt to GDP ratios on the rump and gold by historical precedent should rise as a safe refuge from paper money. And on the copper front, the push for clean energy alternatives is creating a massive upcoming wave of demand that is almost impossible to feed from current and in progress copper mine capacity.
So ... great opportunity to load up on resources in the ground for top tier producer opportunities. TC and SEA both look like future cash cows. But timing is everything, and it may be years. In the meantime, expect a lot of headwinds on price. Retail is a long long way away from jumping into the junior resource pool in the numbers required to pump valuations to something more reasonable. Msg if you have a long view and time, accumulate the dips, but this is not fast money now. I'm a turtle here with my head and legs pulled tight under my shell and prepared to wait it out underwater. Might even dip for more as we trudge along. But there is lots to be concerned about. Great project, tough timing.
cg