Post by
rob926 on May 15, 2014 2:51pm
Bankable Feasibility Study
Does anyone else get Brent Cook's Exploration Insight's? I just recently subscribed after asking aroound who is good at following junior miners and also covers Reservoir Minerals and Lara Exploration. I looked at the recent reports he sent out and found this to be interesting. He said that we are a long way from a feasibility study with a lot of extensive metallurgical. geotechnical and engineering studies. Here is the interesting part he said it might take underground access to finish the feasibility study. He also said it would take years and ten's if not hundreds of millions of dollars to complete. I do beleive he said he sold half his shares.
Comment by
Meester954 on May 15, 2014 6:25pm
Brent Cook sold one-half of his position in RMC during the second half of 2012. Probably a bit too soon.
Comment by
rob926 on May 15, 2014 8:37pm
I agree to soon. Some managers sell 50% when a stock doubles so you can ride the trade for free. In junior shares it probably works most of the time but you do miss when you get a real winner like Reservoir. I probably have had about 10 Byron King stocks that were a double or more and all but Reservoir dropped like a rock upto 95% loss.