They are playing with the money in a prudent fashion is all the man implies regarding contract staff. I like the calibre of both his writing and his sentiments. Also appreciate the time taken to write that letter. Thankyou poster (name elludes me-)
Anyway, back to the point, have a good look at our assets. Not yet ripe for development. But large and compelling when the time is right. Mkt cap pitiful, huge rerate entirely feasible and very likely in a positive price environment
1. Two large scale projects in Owendale and Skaegaard. Jorc compliant resources, priced as an explorer
2. Munni Munni with a ML.
3. Greenland going red to green
4. Gasoline vehicles and potetial fuel cell development. Re palladium.
Chance of J.V is high. imo. J.V and let someone with deep pockets pay the ongoing costs and give a development timeframe and Bobs your uncle. Rising share price. Cobalt potential and scale are the carrots along with funding already sunk, low future costs pre capex requirements and cheap optionality. If you think about it say a large scale comapany does pick this up and can potentially help provide or source capex then our assets are more likely to be priced at reasonable levels. Say an option of 49% on the 10 mill oz gold, 10 mill oz of palladium, throwin scandium/cobalt -CLQ sized potential +% of Munni Munni with ML. 49 % for say 60 mill bucks. This is a steal for whoever would buy and we would three bag instantly. Bang. Fist hammer, table, BANG! For a comparrison CDV probably 250 mill worth once you include the options. Yes cheaper oz, open pit, and you might think expensive but the reality is Goldfields bollocks deep and that is very likely to go.....and is actually considered pretty cheap on cost per oz basis. Like on bloomberg they mentioned it was cheap.
Make no mistake if gold takes off in bitcoinesque fashion (actually even if we go to $2000) PGM will go off like a rocket.
This share requires either patience or timing. Anyone who thinks they can nail timing should bail until the day before the rerate. There is a reason the likes of FiendishRedBeard periodically come on here and make disparaging comments imo. 1. Probably they can see the time is not right, they can see the upside is huge and will jump in at some point and they want to reduce the chance of a mild rerate on low volume causing them to miss profits so they can maximise profits when the time is right. This could be the ride of a lifetime. Why comment otherwise.
Once again Id suggest anyone who has nailed timing to bail on your PGM shares, make a few bags else where then come back and park a free carry. Bleating is for the sheeple people.
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