RE:RE:RE:Flyder
megacopper wrote:
Flyder wrote: Thanks for your recommendations. I just looked at Tectonic. Around .18 and 343M shares fully diluted. That's a lot of shares out. A lot. With that many shares out I wonder what the upside potential in sp is?
Yeah TECT has a lot of shares fully diluted. And they only have the one really good property that they are promoting. I remember when I first started speculating with the mining juniors I thought anything over 50m shares was a lot. Lol Now you are lucky to find one with less than 150m shares. Crazy. So now they only have to drive the stock up to 50 cents and dump millions of shares and they will make off like bandits. Crescat alone must own well north of 50 million shares. Make no wonder QH is pumping it so much. Lol
I should add that TECT does have great geology on that Flat property but to come out and say it's the next Snowline is a bit much. What Snowline has at Valley is special. The high grade core comes right to surface. What TECT has is several hidden intrusions. It will take a huge amount of drilling to find the sweet spots with that one in my opinion. There has already been 50 holes put into it over the years with some decent results but not one of those holes comes close to what SGD has at Valley. It won't be as easy or as good as SGD's Valley deposit.
Yes they will most likely find an economic gold deposit. But if they already have over 300 million shares fully diluted now and they will need to raise a lot more cash so they will end up with 400 million shares. Whatever they find better be big with that many shares out on it. But having said all of that QH has a large dedicated following so it SGD gets bought out north of $10 a share which could happen then you will see a lot of that capital flow down into TECT since QH has already given it his stamp of approval.
But like someone else mentioned QH said LAB is the next NFG early on and look how that one has gone so far. Will TECT be the next SGD. I'm not so sure. Yes it could be good but the verdict is still out on that one. No harm in buying it at current levels because it will definitely double just on hype and speculation. Perhaps they will get it to a buck on a couple good holes.