Originally posted by asculpeous
Tubber there are just too many reputations at stake.Do you think that Drake would let them get away with a fraudulent scheme? If it is a fraud,it is the most cunning ever promulgated done by a genius geochemist .
If you read the Bre-X scandal in detail, the long term wash-up is enough to scare off most fraudsters.There's little escape these days with few places to hide the money.
Yes, a fraud is possible but highly improbable in my view.
Any microcap is a gamble,but my BBX odds are 5:1 ( and looking better with each announcement) that this will come off and the pay-out is huge- don't like to dream too much,but I would kick myself if I missed this train.They have a habit of exploding upwards when we are not watching and when we are aware we hope for a decent pullback and they don't.
As stated by yourself,this could be an extra-ordinary stock.One that our grandchildren will remember.
It will take 100 years to get it above the ground,so don't expect any flooding of the gold market! Infact one of the things that is against even a partial gold standard is the lack of gold.
I expect that we will line up a wealthy partner to finance a massive operation once the trial mining is showing a few gold bars.Then the express train leaves the platform,stopping no stations.(from memory see Solgold)
Is this ramping? No,just stating what is likely if BBX's claims are true! whereas ramping is exaggerating.Note that there are others who say that Midnight's figures are conservative.
Who's reputation, Drake are an equity mob, they just see that the investment has a positive return, they would have no idea of the ins and outs. As to the Board etc, they are relying on report sent to them, I've seen MD's who lie to the ASX about Reserves and Resources with no repercussions.
There is nothing cunning about this, it's just a shell game and all the attention is in the wrong place.
The truth will never come out, it'll just bump along with these vague reports about improving this and changing that, and eventually it'll just fade away like Haoma, please read their stuff, it will sound very familiar, their MD is a lunatic who seems to think he can get blood out of a stone, or gold out of an iron ore deposit.
Tubber
