LOL !!!
Acquire first, study later. It is amazing how this basic principle is so often ignored.
Yeah... it just doesn't really matter if well after the fact you patiently study the rocks... in that other guys mine...
That's no different than stocks, either...
I know geology, and I know mining, and I know stocks...
But, I knew ZERO about what New Found Gold really had that made it worth having when I bought it... all I knew was what "the market" knew... and how "the market" was behaving about what it thought it knew ?
I bought it because it was a stock... doing what I want stocks to do... and it more than doubled my money.
But, then... got nervous...and rightly, because I didn't see any others putting out information of a sufficient quality that allowed me to make a useful and properly risked valuation of the thing...
So, I did it myself... and now... I am no longer concerned about it being over-valued... It's not, IMO. Actually, given the knowns, it has a long way to go to be fairly valued... I'm more than comfortable buying shares here, at the same price Sprott is paying for them ? And I don't really have any reason to care what those who HAVEN'T done their homework have to say about it... ?
I mostly don't rely on others opinions... but trust my own work, and my own judgement... in valuation. [as in other things, which should be clear enough.]
And, then... having done the work on NFGFF and validating it... what else does it apply to ?
Turns out... quite a lot... and I've made that work I've done pretty accessible to others, too... Feel free to ignore it if you like...
But, otherwise... you would not see the owners of NFGFF... and NFGFF itself... spending money they raised to buy shares in other companies... rather than using all of it in advancing their own properties ?
If there's something that is clearly more worth having than NFGFF... in the perception of the guys with the best understanding of the situation... its likely to be those other things you can see NFGFF management putting the company's own money into ?
But, that's not defining any limits... ? For NFGFF it seems It's in part only an issue in proximity... allowing them to leverage what they know... for sure... that others clearly don't ?
I've addressed that in discussions on The Aristocrats... not yet at the point of discussing the geology on the new page...
But, as I say, it doesn't define any limits ?
Reality still is... you don't know what there until you drill the hole... a fact which doesn't make all guesses equally valid...
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