Post by
metalhead666 on Aug 01, 2024 6:06pm
Separating imagination from reality.....
JV PARTNER....No, you do not know that they are talking with a Japanese entity. You know absolutely nothing about the JV deal or non deal. What you can legitimately conclude is that I80 is NOT in the cat birds seat and the JV is. I80 NEEDS a JV the JV doesn't need I80. Any dieal if there's one at all will be detrimental to I80. Either it will be an unacceptable low ball offer, no offer at all or one with onerous concessions by Ewan and Co.
MANAGEMENT....When it was all sunshine and roses the ever smiling Ewan and his worthless side kick where all too happy to sit for interviews with the CroMagnon Rocks and Stocks Sasquatch and brag about drill results and the "truth machine" and how high gold would go. Well the boss couldn't care less about you or your mounting losses. He was always a lousy operator and that hasn't changed. Go see how the Mercedes mine fared under his direction. They got way out over their skis with Trump like hubris and like Trump will get paid mining you who refuse to see through the BS
GOLD IN THE GROUND...Is absolutely worthless There could be billions of ounces but without the ability, finances, economics, infrastructure, permits etc it is nothing but Moose Pasture. You have NO idea what the cost to mine a single ounce will be aside from the pitiful amounts they are lugging to the toll mill. Without the resources or a feasibility study you are betting red or black at the roulette table and don't fool yourself otherwise
COSTS....absent in you thinking. The autoclave will cost at least $300 million. There will be huge drilling costs yet to come, overhead, infrastructure, permitting and engineering etc....it will cost half a billion to get this up and running. At $1 per share that's a whole lot of dilution guaranteed to come your way not to mention warrants and debt maturities. You're looking at nearly a billion shares outstanding possibility....there goes you dreams thanks to your imagination
IT'S A STOCK....gold is not the go to safe haven it once was. Mining stocks are first and foremost stocks that just happen to eat their golden seed corn which is why a Barrick is the same price it was 10 years ago. Bitcoin is the new gold even as it too is a product of your imagination more than reality. If the market crashes so too will gold stocks and the losers will crash the most. Just wait until tax loss selling starts in a few months
THE MARKET HAS SPOKEN....yet you ignore it. Gold at all time highs and I80 at all time lows...doesn't take a rocket scientist to figure this out. Clearly there are those who took issue with this company..that was reality...then there were those who clung and cling to imagination hoping for something to change
HOPE is the worst possible investment thesis you can have.
Comment by
goldstd69 on Aug 02, 2024 12:40am
You always show up when things appear dismal...and bash bash bash...which tells me you have little credibility....jmho
Comment by
metalhead666 on Aug 02, 2024 7:16am
It's not bashing it's analysis. You just don't want to hear it.
Comment by
60PlusWhoCares on Aug 02, 2024 8:25am
My analysis is that we don't care about you and want you to go away but you don't want to hear it moron....