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Gold/Mining/Energy : Copper Fox
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To: mudguy who wrote (10015)4/3/2016 1:07:55 AM
From: louel3 Recommendations

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Hog Head
Theotokos
Underhill69

   of 10654
 
Very accurate summary Mud. It is how it is played out not only here, but in about 90% Venture stocks. Statistically less than 10% ever amount to anything. I think what drove the dedication to CUU was the fact that EE committed to financing it all the way to the feasibility which he did. That was used as the glue to bind people to the dream. "Follow the Money, He's a billionaire, He can't be wrong" That was pumped endlessly.

What was not taken into acct. was his ACB after warrants and other incentives as compared to buying off the Market at a dollar or more. And that him buying Venture stocks seems to be a recreational activity like the average person spending a night at the Casino.

Another was the Five mines into production spectrum. When asked which mines they were and what size ? Was he the CEO of each or simply a director ? No one knew or cared. The conversation would be diverted to the four year clause which was never produced.

Accentuating your point, "people who didn't know a rock from mud, became experts overnight "

When you mention grab, chip or trenching samples. Many think they are sort of randomly picked to reveal a broad view of the property. That is the farthest thing from the truth. The assays released to the public are selected samples used for promotion. Read those one should keep Bre-X in mind.

Just because there is a small chip of high grade mineral doesn't mean there is a mother load below. And when a drill produces a high grade section of gold, doesn't mean it can be mined profitably if it is only 4 inches wide a Half a Km under worthless overburden .

" a few are still so deeply ingrained in the pattern of behavior that they continue to try to see the positive."
If they can't see it they make it up rather than face reality.

Very excellent post Mud.
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