Black Swan Production Restart, page-439

Absolutely right Mr T and CM but there is a slight difference which you guys conveniently ignored.

- If you invest $1M and your investment loses 9/10 of its value (i.e sp is 10 times lower than the price you bought in), you are still left with $100k. You lost $900k.

- If you invest $1M and your investment goes up by 10 times (i.e sp is 10 times higher than the price you bought in), you make $9M profit.

- So, sp 10 times down, you lose $900k; sp 10 times up, you make $9M.

But I understand the point you and CM are making and I agree. It is very hard to believe anything POS management say as they have not delivered on their promises so many times. However, I have made a call and decided that this time is different. Everything is lining up. BFS AISC incredibly low. Pit dewatered, NP through the roof. Resources undoubtedly present., etc.