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25/11/16
16:05
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Originally posted by stevenjd
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Value. Why do you ?
There is a difference between 3m mc befitting an explorer who has NOTHING
And 3mc WFE who after spending 6m has a bear minimum if 6-800 koz.
This is not always so. Many speculative explorers fail to spend their exploration dollars to find an economic resource .
Where would you rather spend 6m in exploration ? That is the simplicity of it.
Risk weighted exploration .
value = bird in the hand , that the market has not yet appreciated .
We all look for value don't we? Or do some of us just like paying top dollar on popular stocks ?
What is more important - to buy value from impatience ? Or buy over priced stock when the music is the loudest ?
I consider that there are speculative risks so there are no absolutely positive stocks in the spec end .
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Well said stevenjd....and by the way, you don't have to defend yourself or your investment. Like you said 'when the music is the loudest' they'll alllllllllll be here. You're the smart one!