It would depend ... with management in whom you have confidence [and who else you gonna ride with?] decide in their considered geological wisdom that more reserves will get drilled off in due course, because it's that sort of deposit, and maybe because they've got step-out cores in hand as well, then yes, perhaps maybe, in certain appropriate places, at times ... it would depend on the relative amount of capex, as well, and on how portable your equipment ... with megabucks of fixed-in-place cost, then no, but responsible management wouldn't do that, so you're back to the most crucial of the 3Ps, People [of People, Property, and Phinancing]
nov.to - you're quite right, they've got more cash in hand than the share is trading for - so what are they going to do with it? ... i think you're right on dsr.v too, but that still only makes the two of us -g- |
