gold and cvy, page-6

Hi LeDerp,

I have been reading and learning alot from your posts! Keep it up!

I think there are two games played especially when investing/speculating on miners (greater fool and valuation). NPV/IRR is valuation method used to play the valuation game while EV/resource valuation method is used to play the greater fool game. Valuation game wins at the end of the day but it could take a while.

Currently with CVY I think the greater fool game is being played. Realistically we cannot truely value CVY as several have stated but if we extrapolate numbers being thrown around with Rainy River(RR) we can get some pie in the sky valuations. Alot of mementum is with CVY so this stock has a decent probability of reaching some very high prices.

Although both games require different risk management criterias one common to both that I use are "Margin Of Safety" and I always remember where I am in the mining investor lifecycle.