RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Paul should buy in. You do realize that at my $15 target, that is only about a 10 bagger from today's levels, yes?
Or, if you got in early enough, you would be looking at maybe a 20 bagger or so.
Does that mean, according to your logic, that any investor who achieves (hopes/expects) for returns of this level are beggars looking for charity instead of serious investors?
I'll flip the script on you: I don't understand why there are a goodly amount of investors here who want to give away our project for peanuts (i. e. give charity to the potential sutiors). If NEM/RIO can peform the work of a junior more appropriately, why aren't they running extensive exploration programs breaking new ground? No, we take the risks and we are due the rewards.
If RIO/NEM wants to acquire a dollar (say a loan for floating a bond, etc.) they will pay 100% for the present value of those funds. I think anywhere near half price of NPV is a much better deal for the majors. Big deal if we peons get to pocket some earnings for our shrewd investments, due diligence and years of patience. The majors are still saving substantially by investing in NPV at a fraction of full value. This is basic finance 101 that we were taught back in our undergrad days.
PS we are not being greedy, If you want greedy, take a look at those who rode the bitcoin train from under $1k to over $60k. 100 baggers, ok, now maybe we can start talking about getting a grip on reality or asking for charity. But a 10 to 20 bagger, that is par for the course for many junior resource stocks. In fact, I don't even invest in a junior if I don't expect at least a 10 bagger.