Of course there's risk and hurdles ahead - most investments, other than <8% returns, have similar dynamics.
No, I wasn't into small cap miners back then - too busy working. But have learned a lot in past five years and can look back at what happens when metals are in the zone. I also invest rather than trade.
So you take a view:
o Will global economy continue to recover while China enjoys 7% growth (whichever way you wish to measure)?
o Is demand for zinc going to continue to grow above supply? To what extent do we think that mine resumptions will make up for the depletions?
o Are China Nonferrous, Greenland/Danish authorities, Glencore and Nyrstar for real?
If you have comfort in these three elements, there is not a whole lot of risk at these levels - not sure what CRs you refer to, maybe the ones at 20 to 30c? And don't expect many folk here expect a straight line up. The traders on ASX and in the zinc markets will see to that, as well as a myriad of bumps, few likely to be related to the project itself.
Am not seeing much analysis from you Joe - just a somewhat jaundiced view from prior mishaps maybe? If the share price drops some because of the stags, no big deal - just a bump :)
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