Ikazo......I'm suffering an equipment malfunction; can't see my posts and replies. It's as if I've been erased from the blog. However, apparently, something is getting through: when I clicked on "stream" I saw your response etc.........
In any case, just for the sake of completeness, I copied the following from boiler plate disclaimer in analyst report on a seperate project (Alderon Iron ore). It outlines nicely the risks we speculators face: enjoy. By the way I believe in undersea exploration and mining. Very exciting. Remember Nautilus??????
Risk Factors
General Risk Factors: Following are some general risk factors that pertain to the projected target prices included are:
: (1) Industry fundamentals with respect to customer demand or product / service pricing could
change and adversely impact expected revenues and earnings; (2) Issues relating to major competitors or market shares or
new product expectations could change investor attitudes toward the sector or this stock; (3) Unforeseen developments
with respect to the management, financial condition or accounting policies or practices could alter the prospective
valuation.
Risks - Mining companies are subject to a range of risks, including, but not limited to: environmental risk, political risk, operational
risk, financial risk, hedging risk, commodity price fluctuation risk, and currency risk. Any difference between our metal price
forecasts and realized metal prices will likely have an impact on earnings and valuation estimates for the mining
companies. The operation of mines, and mills is complex and is exposed to a number of
risks, most of which are beyond the company’s control. These include: environmental compliance issues; personal
accidents; metallurgical/other processing problems; unexpected rock formations; ground or slope failures; flooding or fires;
earthquakes; rock bursts; equipment failures; consultant errors and, interruption due to inclement, weather conditions,
road closures, and/or local protests. Other risks include, but are not limited to: uncertainties surrounding reclamation costs;
aging equipment and facilities which could lead to increased costs; strikes; and, transportation disruptions.
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