The problem with in situ value, is that you still have to get...

The problem with in situ value, is that you still have to get the product "out of" situ. Havilah's grades are not high, and a tremendous amount of capital is required. Not insurmountable, but there is some skepticism in the industry, that if a project couldn't get financed during the boom, then what hope does it have now? Don't get me wrong, I think that HAV's projects are very interesting and have a great deal of potential, but so does the promise of fusion power...

Like I said above though, at my entry price, I feel that I bought my share of HAV's resource at a good discount, so I feel that my downside is limited, and I will hopefully make money, even if Jupiter, the rationale for my investment, turns out to be nothing. Limited downside with unlimited upside are very much the types of bets I like to make.