JBY 11.5% 14.5¢ james bay minerals limited

While I understand the skepticism around the IPO dynamics and...

  1. 2,838 Posts.
    lightbulb Created with Sketch. 818
    While I understand the skepticism around the IPO dynamics and the perceived distribution of funds primarily towards fees and salaries, it's essential to consider a broader perspective. Pre-IPO pricing often accounts for the initial risks associated with early-stage projects. Such premiums at the IPO stage reflect the groundwork laid out by early investors. Moreover, while operational costs in the James Bay region might seem high due to its exploration density, this also signifies its rich mineral potential. The region's crowding can translate to shared knowledge, better infrastructure, and cost-effective methodologies in the longer run. Regarding the use of helicopter surveys, their adoption points to a commitment to efficient and thorough exploration over vast terrains. Everyone is entitled to their opinion, and this venture could swing either way – boom or bust. However, personally, I'm here for the drills.


 
watchlist Created with Sketch. Add JBY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.