mrgrep, It would seem that buying hard assets in a category such as gold would assume that economic forces will likely drive the price of that asset up. If a Mr. Buffett were to look at a company like Naxos or any of the desert dirts, AND he believed the story regarding test results, deposit size estimates and recovery cost estimates, AND he wanted in, he would HAVE to come to the conclusion that a deposit such as Franklin Lake would have the opposite price impact, even if marginally, in ALL metal categories found at the property. That price impact though likely delayed until metal production would be felt, would be enough to want to be on the stock ownership of the new sources side of PM's and not on hard assets. He is obviously betting right now, for the immediate future, that gold/silver prices are going to rise which may mean that he has no idea about Franklin Lake which would be no surprise to me. After all, who does know anything about it other than this motley crew!
However, if this is a short term strategy, maybe we can get him interested once he has made his 10 - 20% on his $800 million investment and come on over to the playa and see what we have cookin'.
Here's hoping that Daddy comes to visit!
Regards,
Tom F. |
