RE:Doesn't add upDoesnt matter whats in the ground, what matters is what someone is willing to pay for it.
Your most potential for gain is in the smaller leveraged operation, if they can pull it off.
A total failure is always an option, and if uour not prepared to lose all, you shouldn't be in the market with these types of stocks.
Starting ip a mine is the biggest risk.
Explorers don't usually go to zero, but the cycle of raising money, dilution, drilling, mote fund raising, dillition, drilling, until they either have a saleable resource, or end up merging with another company.
ncu gave ot a shot, came up short, rolled the dice on an auction, came up with nothing.
Any competent miner with the resources could have bid on this, they didnt. Zero bids from actual miners.
That was huge.
Some good ones out there, but this is a bust.
KW