Post by
metalhead666 on Aug 23, 2024 5:39am
You don't buy gold miners unless....
There is a clear and unambiguous path to production. Otherwise you are captive to the whims of mostly ignorant gamblers, drill results, unexpected expense, continuous dilution etc. I80 has no clear path to production. They have a dream, a wish but they do NOT have a clear path to production.
Comparisons have been made with other miners...all wrong. Artemis took off when they were fully funded and a construction decision was made. It was possible to do the arithmetic. Skeena is fully funded and soon will commence construction. Osisko had a partner, feasibility study and deep pockets. I80 has none of this.
No fully compliant resource, no feasibility study, no partner, no plan other than spending hundreds of millions on a bet that they can bring 3 mines online to feed a roaster to process sulfide ore that the majors don't want anything to do with.
There's a reason why it's in the gutter with gold at all time highs it's just that dreamers and wish thinkers don't want to look at the facts and don't care about the arithmetic
You don't buy stories you buy arithmetic
Comment by
goldstd69 on Aug 23, 2024 6:59pm
Which investing record would you rather have...metalheads or that of Rick Rule? Rule appears to like IAUX?? Metalhead has some valid points but they do not necessarily match the share price moves. jmoh dyodd
Comment by
someday2 on Aug 31, 2024 11:53am
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Comment by
metalhead666 on Sep 01, 2024 5:51pm
Nope....not interested. Only PM stocks that interest me are SKEENA and physical silver ....When the sector gets smashed up again I'll look around but miners are horrible bets 90% of the time
Comment by
someday2 on Sep 02, 2024 9:17am
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