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06/03/18
16:54
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Originally posted by sciaticstate
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I say it's a dud stock because I am a LT investor rather than a trader, perhaps dud is not the right term. IMO a 30Mt (guessing) resource at a historical nearology grade of 0.12% Co will not warrant the capex of a $800m+ processing plant, sure you could ship the ore but Brazil hardly has battery orientated manufacturers that I am aware of.
Also while I predict good results don't forget it is only channel sampling that will be released first as per previous Ann's, I am yet to see a company declare poor results from channel sampling as it is no different to a biased rock grab. Look at EUC, MEI, RMX... EUC is the biggest farce ive seen in the Co game.
Anyway, non shared views arent always opposite views, if I see 1c and my trigger finger is itchy I might surprise myself. GLTAH
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Lol while I'm not going to sing praises of this stock.. how can you even POSSIBLY guess a deposit size before any real sampling?
And now you're also assuming a processing plant size which is obviously based on lateritic autoclaving without having any basis.
And then.. beyond that you warn that channel samples should be noted for what they are.. after making those assumptions?
Pot. Kettle. Black. It's unbelievable you could post that with a straight face.