I think you have hit on the reason why a number of investors are...

I think you have hit on the reason why a number of investors are "disconcerted". RCF's are private equity funds.
They tend to put in early capital, then add to it at key points if needed, and most importantly, advise management on both capital management and other issues. So their returns are usually measured over the time frame of a project and then the total fund. Not month to month or day to day. It's a different space to some "investors" who like to see their share price day to day.


They (private equity funds) tend to put in early capital, then add to it at key points if needed, and most importantly, advise management on both capital management and other issues. For example, I would expect them to have tapped management on the shoulder and asked them to consider a change of CEO as NWC went from exploration to more development-focused.

When I bought in (before RCF) my goal was to see the development through to at least FID. Adding along the way which I have and may do more as we go the rough any raise allied to FID. With my experience and training, I would hope to understand the process of development of a mine, a little more like RCF and hopefully be less easily "disconcerted".

I and some other knowledgeable posters have tried to assuage frustration by explaining the process. Including with the Lassonde Curve although I am at pains to point out that, my capstone project showed the curve can stretch both horizontally and vertically (time and amplitude [value]) so as to be easily mis-interpreted.

All IMVHO.