AS
If you have never experienced a 30% loss you have not invested in many stocks let alone small caps. If you don't like uncertainty, you haven't invested in many explorers. If you think spot gold price is "high risk" (ie gold in for big correction) gold is not the sector for you. Twio comments you have made that show you misunderstand the key measuring sticks and the way this company is valued which throws all your commentary into doubt:
- your comment about the JORC and the grade being above the midpoint shows you don't understand the way a JORC is calculated. Have a look at the way the calculation is made using different orebodies and you will see your comments claiming they have overstated grade are quite ignorant/wrong and should be retracted to maintain some credibility
- your comments about market cap and EV and cash show you don't properly understand these basic financial concepts either. EV is the critical thing - it's what you invest in. If you think EV of CGT is zero/negative (ie they will never make a dollar) fine - that's your opinion but as with your JORC comment it appears to be based on misunderstanding, in this case about how to value risk/reward.
What's your list of small and micro caps that can't go down 30% but which have huge upside?? ;)
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