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Less than 2 weeks since the start of drilling, some will trade, plan to hold and wait for results myself. Could play for 20%, would rather wait. If you expect all the answers here, you are mistaken Jakesdad. GLA
Silver is so much more exciting, starting just a few meters down. How much? Wish BBG had been able to throw more cash and drilling at it. Had the potential to be vast and those grades Wow. Remember Upside - "so shallow I could dig it out with a spoon".
At the risk off sounding cynical about a gaggle of American Billionaires, who want to save the planet and the rest of us from ourselves ( good luck with that one!) , what have they found/ quantified so far? From what I can see, may not be the full story, they re just very, very slowly considering known prospects. Anyone know different?
Sprott view
https://www.youtube.com/watch?v=t8zaB70PC6o
"Plus seeing a couple of iron ore explorers (which are years away from FCF since they have no access to export channel secured) recently announcing a new team and have their SP take off on the day of announcement and seeing the skill set of their team."
Maybe the ones we were due to have, who came to their senses and walked away?
Will you managed to get this thread removed Max, like you usually do?
It's a trust issue. A serious trust issue. Any co. looking at a JV would not be encouraged to proceed. . Most of the PI shareholders don't trust what we are being told. Would think even Rod & Troy didn't trust the BS they were being fed, think their departure speaks volumes.
Huld,
I hope you can recover some of your investment.
That's the most miserable part of all this, the fact the assets are good. Both the DSO & silver.
Every chance the Iron Ore price will be down, by the time we are in production, if we ever are. Having sold some, at a lose, I think we will be lucky to walk away with 0.60. Will need to go x4, just to get to 0.60. Traders will be jumping all over this and making money. I would certainly be walking at 0.60, at another lose. Would like to be wrong about the outcome and hope everyone can walk with at least their capital.
2.7p was clearly a pipe dream, at x20 now.
Australia is full of other opportunities, many with very decent management. M&A possibilities too, always the best return.
Santa - previously known as Damo, the last thing anyone needs here, is being told they played it all wrong.