There are untold billions of dollars worth of iron alone and possibly billions in other minerals right here under this little farm, even if the mineral rights which i do own only go half-way to China, trouble is strip ratios and mining/processing costs and the fact that my cranky neighbour would likely turn me in for zoning violations if i dug a hole that deep and piled the waste that high, this does not necessarily mean however that it would make a poor stock play, depends on presentation.
Seriously, how much cash does sru.v have, what is the share structure like - shares out, warrants options etc ... at what stage is the property, how much is drilled off, how are the grades, are there metallurgy numbers, is there a pre-feas or bankable feasibility study, what is the strip ratio, what is the cost of infrastructure, of mine/plant construction, of paying off politicians and special interest groups, what is the history of management ... the three Ps are crucial - People, Property, Phinancing ... it is an interesting chart and that's quite an article, i see it hit stockwatch at 13h50 pacific, after hours ... never followed it much, though i dimly recall them getting questioned as to the accuracy of some assays [? not sure there} ... cheers
[edit] - one green index today, guess which -
chart.canada-stockwatch.com |
