RE:RE:RE:RE:RE:Things are heating up...Two different calculations sir. When you discount returns on mine development at 10% half of the reserves become worthless after 7.2 years of mine life (rule of 72). No one would ever buy any mine using 10%.
When I buy junior mining stocks pre-production I'm looking for 10X returns. Two good prospects for me this year so far are AMQFF which I bought at $.04 now at $.40 and ATBHF bought at .02 now at .09.
Mine development status might be more important if companies were not paying big bucks for exploration prospects that don't even have maiden estimates.
We seem to agree on Seabridge.