It would have been so easy for Alamos to screw up, maybe spend sparse money early on in nonproductive ways, fail to get financing at crucial points, piss off the wrong locals through a lack of patience ... everything has to go just right, for a project like that, the abyss yawns on every side ... lately here we've been watching a guy from Backeast feuding with a regional board, right next door to a place in which we have an interest, he just doesn't get it, and is not big enough to bulldoze his way through ... odd, because he's not that far off from the Official Community Plan [yes, we have those here, and membership in the community doesn't mean you get to plan anything, either, lol], he basically wants to pave paradise and put up a parking lot, same as a lot of us, quite the opposite of mining, you leave the ground flatter and harder instead of making a hole in it
In the nineties takeouts were the only way for juniors ... or the newly-proven best way, anyhow ... but before that, there was not such a wall between exploration and production, companies did both, drilled off enough to keep two or three years of ore in front of them, and focussed on the net net results ... capex was a lot lower then, proportionately, that's a big part of it - it takes megabucks to get cost per ton down to where you can get it nowadays ... you just don't start up heapleach on a shoestring, like you could narrow-vein highgrade, and even the latter is expensive now ... not everybody can get enough financing on viable terms
The majors are going to have to buy before long, they're not keeping up ... still you're right, you can't depend on this, it's best to keep the whole picture in mind [stump-to-dump, we call it in the woods]
'QEE' - got a few, as qrl.to ... used to laugh at a Queenie follower around '98-'99, he used to laugh back at me for William Resources ... looks like he gets the last laugh -g-
ASM, ORL, SPM, got these on a long list here, of the three Scorpio has the best seasonality effect on its chart, to my view ... might be taking the winter bounce-back thing too far, but it works for me, and is pretty easy, being quite mechanical ... all other things being anywhere near equal [or appearing equally nebulous], i'll take the ones who've sold down into december
MMGG - about three [?] years ago you were defending the otc-bb by pointing out Mines Management, that is now mgn.amex, nice call that one, i had a few at one point ... generally tend to stick to canuck listings, it's simpler and commission is charged in cdn where in US listings it's charged in usd ... which is not a big thing, it just rankles is all ... but yeah, putting Metalline on the short list here
Thanks again for ggc, damn i like that [been into their sedars], it's an exception to the seasonality rule, but there's reason for it ... cheers.
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