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Gold/Mining/Energy : Rock Resources

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To: SwampDogg who wrote (1302)10/6/1999 9:39:00 AM
From: the Chief   of 1996
 
Just a comparison...that is all
Why buy a spec play when companies already have the goods?


Quite simply because exploration is where the money is, not pre-production. NNO's assets are very good, they have 75mm outstanding and will dillute further to reach production on any of their projects. During their earlier drill program, they ramped up significantly, which is where RKR is now. Just a word of advice, never hold a junior in the pre-production stage, it has been shown in ALL cases this is the kiss of death. JMO

PS....lets talk about RKR on the RKR thread, because there are tonnes of other stocks in many stages of exploration and pre-production...all don't belong here.

the Chief
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