RE:RE:RE:RE:My skeptical and optimistic takes on LME...Hi Drewman-
I think that anyone familar with the LME story and history should start off with certain beliefs or things in which they have faith. If they don't, then they have either not been paying attention, or someone who is a skeptic about everything and will not accept anything without absolute proof.
You shouldn't look at stats for junior gold miners in general-you should look at the specifics of LME.
1) There is definitely gold there-this is not moosepasture. This should be evident from the fact that this was previously a producing mine, as well as the assays.
2) Cynthia and the other people behind it are people of integrity. The only thing she has gotten out of all this over the years has been a salary. She has never sold any stock. If she did, I think we would be aware of it. I believe the same is true for Roger. Although she may have overplayed things a bit last year in hinting that there would be a BO in 2022, I am sure she had good reason to believe that.
3) She and her advisors are highly experienced gold mining people. As such, it should be reasonable to assume that they know how much drilling is needed and don't need some armchair quarterback second guessing them.
4) They also have been around for a long time and know the players and what is possible in terms of making a deal for all cash.
Given all the above, I believe that it, in fact, is a "risk free" investment at anywhere near the current price. Given the gold that is there, how can the shares not be worth much more.?
Accordingly, as long as someone has the capacity to retain the stock while the price is low, how can they possibly lose?
Furthermore, how can they possibly not win big time, even if they don't accept my $30 number.
If people don't believe the above, they won't believe anything and probably should not be invested in LME.