"Milling equipment can be dismantled and sold, and this frequently happens. Same as for drilling equipment. Any mining analyst will include equipment and place a separate value on it, as well as a value for development potential.", No they don't, give one that does.
"strange way to value things,", recoverable ounces is how I value a company, if that is strange, well then so be it. Mining equpiment who cares. At the moment KRY has less than 400,000 ounces of reserves. Scary isn't it.
"It remains to be seen if MO has enough confidence in the company to actually risk money and buy a significant amount of shares. I doubt he will....", well if he doesn't have the confidence the stock is a strong sell. Hurry up and sell your stock then.
"Another example of your lack of balance is when you say there is no development potential.", I am a geological engineer with a Professional status. It's you my friend does have a lack of balance or should I say knowledge.
In mining you look at the reserve base and the property potential, not the mining equipment. |
