GREY:NEVDQ - Post by User
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Dragonflyinveston Jun 18, 2024 10:33pm
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Post# 36095295
RE:RE:RE:RE:RE:RE:RE:RE:just a ?
RE:RE:RE:RE:RE:RE:RE:RE:just a ? "zero shares for me" and myself as well. Twelve years ago it was then and still is against my "rules" to invest in one-trick pony shows, (MAG backed by a major, an exception) but being acquainted with one of the original staff members, and recognizing the high future demand for copper and the potential of doubling PH's P&P, I bought RE in the valley instead of shares in Pala's company. That’s an old Nevada business strategy to buy town lots when a mine is being built. They say the true cash cow in a mining camp is a corner lot tent distributing liquor on Main Street. The Mason Valley RE has tripled since and with taxes minimal it’s almost all profit. Twenty years ago, I began contrarian swing-trading gold and silver miners as a short on the USD, but in 2012 after learning about Nevada Copper’s project and controlling interests, the company itself I felt represented too big a risk for this ol’ boy. Of course, I’ve followed the mine’s development over the years as that is what made my property so valuable.
The mine will be built, the town will prosper, and I’ll sell out when I find myself someplace even further from civilization.