dsmithy are you in Aminex.? We have been awaiting more news on that N2 drill a while now, beginning to think that nothing will happen with it now, regretfully. Hope it doesn't turn out like N1 ( not Nervesa ), discovered in 2012 and nothing done with it. Not de ramping it, I'm invested in it, but I do think many are over-hyping Aminex for sure. Many there have been saying they are better than Sound. Best joke I have heard all year! Cheers, Joe.
dsmithy, to be in this game you probably need to understand calculated risks. Take Badile, let's say we spend $20m on it with a one in three chance of success. And let's say if it hits commercial quantities we can expect to earn back between $200m and $1.7bn ( so between 10x and 85 x your investment back ). To me this is a calculated risk worth taking ( Leonardo called it a fantastic opportunity, or words to that effect ). Yes I know there will need to be more wells drilled etc, but hopefully you get the point. I am a cautious person, so when I invest I always look to take calculated risks that are quite heavily in my favour, much the same as Badile is. Tendrara the same, but on a far greater scale. Making big money without calculated risks is difficult. Hope that helps you understand why some of us Sounders are happy to keep invested.
Sounding - he's just one of the deramp crew. He was spreading falsehoods on Friday night about the CEO interview this week as well. Which is I why I emailed JP to get some facts and prove him wrong.
I suspect he may well be the same character as various versions of Smithy7122 and similar bb names that I filtered last year on another board for similar behaviour. Easier not to engage and just filter.
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