RE:RE:RE:Questions For PotadvisorI can't see the cost being that high. They need a mill...they don't need a tailings facility, power line, water treatment, camp....there's 500 million in infrastructure already in place. They will lease the trucks and shovels.
I go by the Lasonde Curve but that too is a moving target as every project is unique. Typically the best time to own em is once a construction decision has been made and financing is in place. So I'll see how the FS reads...if it drops between now and then I'll put on a trade. If the FS is solid I'll buy some and wait for the financing....all a moving target.
If the grades were better, the share price not so low, the risk of dilution not so high I'd be tempted to buy and hold but there are unknowns and the one thing I've learned over many years is to not be too certain of anything in this industry. Look what happened to Marathon. That was a great project that went way over budget and got diluted to nothing. Ascot ran over and got punished.
At 30 cents US the risk reward was great....now less so but still in the cheap range
Add to all this the absurd "market" which IMHO is prime for a melt down which would take everything with it.
So I guess I'm of a mind to wait for a little more clarity. I bought right, made some money so no worries for now