This market: the truth is investors are scared, in fear. They are avoiding all risk, and are only now attaching themselves to banks because the dividends appear measurable, and equal or beyond cash rates.
Risk-takers will have to wait (and we're not good at that).
We could go to banks temporarily, to increase our funds (likelihood basis) and then return to axo/brm/ckr and other resource developers, OR be patient.
If #2, then survival requires that resource prices must at least hold, and slightly increase to cover rising costs. The market is not touching resources. At present, when the price rises, it is quickly cut down.
Our saving grace is this: the present prices are ridiculously low. It can't last forever- with one proviso: our resources must be of a high quality. QUALITY will succeed. Forget the rest.
End of lecture.
Now for my question to all HotCopperers: which resource company's (small-medium, developing/in early production) have the highest QUALITY resources????
I'll start with Citidel.
More please.
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