Oh, and by the way, there is smart money on this that has turned...

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Midnight26

4,791 Posts.

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22/09/18

14:52

Post #: 35773883
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Originally posted by eshmun ↑

Hi @Midnight26

Your argument is a very compelling argument and I do admire your resolve to believe in what you see as the basics to stay steadfast to your investment. Often it’s just these situations, of the lone wolf, that can bring the greatest reward.

I understand that the company says the process is proprietary but given no one else seems to own such an unusual prospect I can’t see why they can’t give more details on the process, ie like the quantity of Cu and Ag used, energies, acid consumption etc.

And there is one glaring flaw in the story for me that doesn’t relate to any technical appraisals and that is the lack of investment.

If this is truly such a no brainer as your above post suggests (ie $16,300 per tonne of ore so it must be economic under any circumstances) why isn’t there money lining up and down the street to get a piece of this action? I mean real money not the HC inexperienced starry eyed “bag holder” type of money as you’ve described them. Why isn’t Drake opening its cheque book in a big way to accelerate the activities of the company and start making money in the big way of which you predict? You know as well as I that Drake wouldn’t care about JORC if they believed the smelting process worked. You also know as well as I do that Drake wouldn’t care about an accurate and reproducible assay scheme if the smelting process is deeply economic, near enough is good enough to define where to dig. Just start digging quickly and start pouring the ore into the money factory processing plant.

That is one of the red flags for me for why your very compelling argument could be wrong. Maybe you should consider this yourself so you don’t get stuck here forever waiting while other opportunities pass you by. Esh

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Oh, and by the way, there is smart money on this that has turned up late to the show. BBX raised that $1M in the last CR without much effort and there's been some decent buying lately soaking up stock from the impatient ignoramus seller without raising the SP. I'm sure the newcomers did their homework.

BBX Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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Oh, and by the way, there is smart money on this that has turned...

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