@loki01 What I learnt from my time in the gold market is...

@loki01

What I learnt from my time in the gold market is conviction. With out conviction you might as well give up. When you see a good asset like this one, an asset that doesn't come around very often, you stick with it. If the company can hold on to the asset its chart can look like the one below or better if the market is behind it and if the company has liquidity in its share register. The chart below has seen the full gamut of the gold cycle. Notice the chart starts near zero. I once quibbled over a 0.1cents spread when buying that stock. The seller wanted 3.1 cents I was stubborn with my 3cent offer so missed out. If the unimaginable did happen and your 15cent prediction came true I'd view it through the prism of the chart below and be backing up the truck. Sadly I don't think we will get that opportunity again. The 17.5cent low made after the release of the first feasibility study won't ever be seen again IMO (short of civil war breaking out in Burkina Faso). TBR struggled for 10years in the 3cent to 46cent range but once the quality of the asset was fully recognised there was no looking back. I still hold stock in TBR that I bought in the 1990s. Over-committed not yet, committed for the long run, you can say that again. I don't think you are cut out for this game. Too flighty. Remember also that when TBR/RND first approved the developed of the Raleigh gold mine at Kundana with Placer Dome in 2004 they had a 7 year mine life based on a probable reserves of only 375,000oz. 14 years later that mine is still producing.

As I said, for the doubters, read my originating post. Raleigh would have been on that list around the time NST took control and when the reserve grades were higher.Esh