PDAC Is Very Successful With A Good Attendance!Marty I heard on BNN that PDAC is hugely successful this year with a crowd of over 22,000 people already in attendance.
Pierre Lassonde, a commodities guru and the creator of Franco-Nevada Mining said that he thinks that lithium is an over-rated commodity and that soon their will be an over abundance of potential miners without any off take agreements to take their product.
However, he stresses that the need for an increasing electrical infrastructure grid build out in the future, will mean that there will be a huge demand for copper and aluminum production; copper for wiring components and aluminium for high tension wires to carry massive load of current.
I mean, who knows for sure? This is just one man's opinion.
In any case, Rockcliff now has both base metals and lithium. But maybe not enough? Ken always seems intent on finding more. He says that the company doesn't have enough (It's a matter of scale).
He always looking for the next big find! Maybe one day, he will find it. But in the mean time, one can only hope that commodity prices may rise much higher, if China ever recovers from the shenanigans of their inept governing system.
Communists and other authocratic regimes are always navel gazing and looking for scape goats for their own miserable failure.
Ken has always been a promoter of the need for copper which makes a lot of sense. But I suspect that he has always envied the local lithium explorers in the Snow Lake neighborhood.
I just can't figure out why he didn't get in on the staking phase for the larger sized pegmatites at an earlier stage.
He's been exploring around Snow Lake for most of his life, it seems to me. He must have been aware about what was going on. I do know that the Sails property might represent a later acquistion. I am just not sure when the company acquired it.
Imagine what might have happened to Rockcliff Metal's price if it had got aboard the lithium bandwagon, a little bit sooner?
In my most recent e-mail to Ken, I suggested that he might change the company name to Rockcliff Energy Metals to keep the market abreast of the company's changing focus. But there are already a cornucopia of companies with names like that.
I know that it is cold outside in Snow Lake, but I do hope that if any more huge pegmatites remain to be staked that Rockcliff might move in and corner them before someone else. Maybe in this day and age, all this work can be done from the office? No field work? I mean, why not?
In any event, there may be certain private parties who may hold a significant title, whom might also be pursuaded to make an exchange, for a small royalty payment?
But I suspect that the other lithium players in Snow Lake might have already explored that option. The expression 'better late than never', doesn't always apply!
We will just have to wait and see. However, I do think that Ken might be working on some new ideas and may like to surprise us in the future.
Marty, we small players can't control the share price. All we can do is try, not to bid, too high!
Right now, the commodities sector is getting creamed!
Chairman Powell of the Federal Reserve is now hinting that the sky may be the limit with his interest rate raises and that these hikes might come sooner and higher than anyone in the market may have suspected. He seems to like to 'rock the boat' and it appears that he is now becoming better successful at warning the market! They may now be taking heed!
A market blood bath may be coming! And it would be good to have some cash left, to buy back in, at much lower prices, later this year or in 2024.
A 2% inflation rate is a long way away!
Junior explorers are the last to rise after a commodity cycle has started. And we at Rockcliff can't get any more junior than a 2.5 cent stock! LOL
Try to remain positive but be really patient and prudent!
If you have the cash and like the junior exploration sector, accumulate now when your favorite pick is at the bottom.
The larger players in commodities are still falling and for the retail investor, what a slaughter, it has become!
There seems to be no rhyme or reason as to when to buy or when to sell! But sell if necessary, or risk losing, much your capital.
Keep your wits about you and be nimble when you pull your trigger to sell!
If you don't, someone else will!
But don't try to sell Rockcliff Metals because there is little bottom left here to find!
I hope that Ken doesn't do the roll back, until the commodity sector has well began its recovery phase.
If it happens, a little too early, we Rockcliff shareholders, could really get creamed!
But when the money is gone, it becomes like the hunger pangs of Oliver Twist.
"Please sir, may I have another bowl of soup!"
The starving have to be fed!
All the best! Java