ouch, and I remember those days in the late 90s so well as I was 100% in tech and net stocks. made and lost a ton, but came out way ahead to be fair.....Your stock was one of the very top ones ever.
I can remember some B to B, business2business stocks going up 50 points and one actually 90 points in a single day.......Shorts who felt they were smart were bankrupted in a day, and their brokers were left holding the debt to their customers, to whom they extended margin. Imagine this: I have 300 grand, broker lends me 200 on top of it, and I go short a B2B at 50 bucks, and it closes 2 days later at 110 bucks. Many shorts were immediately placed into bankruptcy court.
Things run to extremes in the markets, from time to time. Ursusbramae says he can see this at 20 in a hot metals market, so also does TopAdvisor,who actually sees it far higher...
Imagine copper at 5 bucks in 3 years, Zince at 3.50 and plat and palladium averaged at even 1300.......and o yes our Gold at 1800 bucks. .....
I think twenty would be a conservative figure since once the mines are built, everything just rolls to the bottom line. And we are building 4 of them, simulataneously, MONSTER world class size mines.....I look forward to Freeport being 35 bucks a share, when we pass it in share price. !!! on March 17, 2020......things can really heat up. right now we are at the bottom.
My estimate for plat and palladium be an Averaged together price may well be an insult. today Stillwater Mining was purchased, a plat company and there are only so many around. .....Cell fuel auto technology could blow my estimate away in the future. Our net profits measured in the billions, plural.
Ivanhoe Mines a bull in the heifer pen with two peckers
Our deposits are on a scale that is without peer for almost any company on the planet, except for a relative few....and we are tiny by comparison. I was checking the big boys, and they have market caps 40 and 50X our size. lol
