@Watchfulbull gets the win for most informed postlassonde curve...

@Watchfulbull gets the win for most informed post

lassonde curve and benjamin graham's vote vs weigh market truism meet a 3rd force in resource juniours which is the macro metal(s) driver
(if you dont know what those are - look them up now)

lassonde's curve fails to fully account for it - because he wanted people to buy mining stocks.

when you articulate general principles for non specialists, perfect of the enemy of the good.

= when you get a bear metal phase + a lassonde orphan you get death's valley - accentuated by market leadership or laggard & mgt's ability to create or sustain same.

id said all this many times prior for those with ears to hear.

the upshot is - death valley is no comment on project viability or 'potential'

remember what I said about AVZ last year - it was 4.2c at the time. now around 60c last time i checked

some of that was about a deeply distrusted 'insider game playing' chair on a project in a high risk nation.

but mostly it was 'death's valley' - an orphan phase the coincided with collapse in lithium price - after an amazing discovery phase

this is similar to why BML has remained a buy for investors and is still now.

and while BML's sp tells you there was never a bid for lead - at some point that can come.

people forget what the 2005-08 period looked like for all base metals - and we're in a setting where something of that order can occur again

most of the critical posts are from people who dont understand the asset or the above.

which is common in junior mining - because sub $200m mkt cap you have to be able to do a professional's assessment for yourself to recognise asset value

as distinct to drill hit grades - which are easy

but knowing all the above means there are 'trade' decisions and buy and hold investment decisions.

The 2 are not the same. It takes years to know how to both judge both and act to both to get best results - and I doubt anyone is ever perfect at timing both trading exits + investment re-entry

in particular this consol has been brutal because gold's had 3 false breakouts/break downs - and gold is the sentiment and technical driver for all silver exposures

but you dont have to be perfect if a project has 'good bones'. so long as you are in the right part of the 20 and 50yr metal cycles I outlined last year

BML is a more complex story but a better one than most that get mentioned as comparisons.

but because of the complexity and character it demands more understanding - with more potential benefit as a result

i thought i'd given up trying to educate people who persist in arguing at cross purposes

it is not a 'silver investor's dream'. but nor is it a 'project that's got no potential'

but then i realised - it never ends. because that's half the fun for both the lovers and the haters

nor should the education process

best for 2022 to you all.

If you're thinking metals, you're going to have a good year.