i keep reflecting on sage words that our MD said, you look ahead, and not all projects will get to production.
grade, size, infrastructure, jurisdiction.
We tick all the boxes.
Now heres a funny oxymoron, if this was in the DRC (jurisdiction FAIL) with same grade, you would have risk junkies pricing this bags on.
Really, we cant say why the seller is giving this away. It happens. A flight to cash, not considerative of any of our value. Those are the times, if you are there , right place, right time, and their fears are irrational, you hold fundamentals under your feet to stand on.
Even if this went to 1c, (not saying its going there) illustrates the irrational has no value.
But, the rational does consider the upside direction where we are going, (i assume if the world doesnt implode) Whenever they are finished, those on the side lines with level heads will remove the window of discount opportunity. When the asylum is empty, its difficult to find more good sheep willing to give it away, just because the loonie tunes preceded them.
I just cant see a fatal flaw in the assets, (historic mining at 0.9% etc) so fear is in the asylum is either something i cant see fundamentally, or personal, or global GFC type world ending mania.
Nice that Peter wall is sticking in 200k. i'll back his sanity.
Perhaps it is just all those old longs who love zinc who are selling. I dunno. Dont care. I know why i am buying.
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