"Another point: You repeatedly affirm there is no way of accounting for costs and therefore its
not possible to assess valuation of the deposit. Until a feasibilty stuidy is completed
this will remain an unknown. I refer you to the Proteus Capital report on the web site
written by Douglas Newby, a highly repected mining analyst"
I am be wrong about this but I don't think you can do such a projection without knowing the metallurgy which in turn gives us the likely cost of extraction. As for Newby, I don't know him from Adam, but how far do we have to look to find analysists who are just flat our wrong.
"Seems to me, that while you may certainly be a very cautious guy which is ok, you may have some
interest in seeing WTC at lower levels to buy back in at a better price. In other words, may I suspect
you of being an intelligent and subtle basher? If not, please forgive me."
Well I am cautious, because I have been stung more than once when the charts were in disagreement with the fundamentals. As for the latter, I don't need WTC to go lower to get back in. It is already lower than when I liquidated my position. Also, as far as the stock goes, I have cautioned that I would not be bearish unless and until the head and shoulders breakout occurs. At this point the stock could hold and reverse. I doubt this because the price of silver seems headed lower. If silver goes lower and WTC holds on here, I would interpret that as very bullish. The point is I don't have an axe to grind. If I think there is money to be made on the upside I will go with the flow and if I think the short side is where it is heading, I will stand aside WTC and try to buy some puts.
It doesn't matter to me. Frankly, I thought the idea was to discuss our thoughts freely and to evaluate what is said based on the merits of the position put forth. I have never suggested that any of the many who post bullish remarks on WTC are hyping the stock, so why would you think I have ulterior motives. If you are knowledgle and confident you should be able to defend your position without that kind of tactic.
Little joe |
