Thanks for the well balanced response. I have been in since late January 2021, with the first parcel @ 2.2c, doubling down as low as 1.6c, before things started to get exciting.
Just on clarifying the point re not developing, I am aware of their mode of operation. It was more that their method is at odds with what most people I know, who are in and around mining, at a planning, feasibility and process level put their money into. Call it the difference between investing and speculating, more money sticks around and flows in for the former in my opinion.
If they sell or divest a project, that is great, but we don't know what that will look like, will they carry 60% of the proceeds to fund more holes in the ground? Keeping on exploring and retaining a war chest to do so, is as you know very different to developing a project to a point of real value, DFS's, insurances and ready for funding. So my longer term view is that with this approach, it will always be cents in the dollar for investors.
Hopefully I am wrong and any discovery is a proper divestment into a new entity and developed to potenital.
But always trying to make a discovery is IMO akin to sitting at the table too long in the casino, the odds don't favour it.
But now that funds have found their beloved volatility in crypto, maybe the speccy market has fundamentally changed, or maybe this just adds more time to the cycle of where the money moves to.
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