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Wednesday, February 15, 2017 10:11:17 AM
Where is the 8% inflation? Why mark down our assets in this wildly steep way? Oh, because everybody in their industry does it? Is this how they get over on the companies they follow and report on? Oh, because they are following the conventions and formula that they were taught in finance business classes? Who gives a schet about that.
Oh, I see, they are being "conservative." No they are not, they are being dishonest, they are being crooked, in a way they attempts to enchance their own importance, when in fact are the confidence men in the finance industry all that necessary at all? What does this mean for ivanhoe's true value? We easily have over 200+ NET BILLION dollars in the world's highest grade metals. In the ground. They are higher by a factor of 300 to 100% of the world's averge grades. Our market cap is 2.8 Billion U.S. (and 3.7B canadian.) I say we apply a core rate of 3% to value our assets, just like the current real time figure below, or perhaps really discount them by today's earth shattering, dynamic figure of 2.5%, a record breaking inflation figure. If we use the latter, our assets need to be discounted 5 billion dollars, so we own, in the bank, 190+ Billion dollars, U.S.
If you want to compound it, knock yourself out, but we are still over 100 billion in NET PRESENT VALUE. so again, how is our cap 2.8 Billion u.s.? For that matter, why not use core rate of .03%, so we stay up there close to 200 Billion plus net asset ownership? We are not the ridiculous pebble project in alaska, with ridiculously small grades somewhere hidden in the earth, with a capital cost to retrieve the micro gradient material of 10 billion dollars, etc.
Not all women are alike. Rosie ODonnell, who says she is a woman, should not be compared to Kate Upton. Not the same species to understate the matter. A horse has 4 legs, a chair has 4 legs, but a horse, or in Rosie's case, a horse's arse, ain't a chair. NO MATTER WHAT THE STAID AND "CONSERVATIVE" FINANCE CONFIDENCE MEN WRITE UP IN THEIR REPORTS, USING THEIR "TRICKS."
Tricks are for kids.
Traders are selling an asset today, less the small percentage discount figures mentioned below, that is worth (as the market will prove out over time, and not a long time either) that 20X or 50X what they are hitting the sell button on. What fools these mortals be.
As a smart man once said, if you want to discover a mine, you cannot dig where others have already dug.
I say the cement that they have packed your head with, you can get it out if you try hard. Get outside of your own head, get outside of the box they have put you in. The great cons never let the victim know he has been conned. Wasn't that a lesson from the movie The Sting?
When John F. Kennedy first became president, he met with his top speechwriter and threw a book down on the table. He said, "Make me sound like him." The book was about Winston Churchill.
We are need to think more like this man, to see revealed truth: http://www.successories.com/iquote/author/45385/robert-friedland-quotes/1
Here is the breaking news:
Wednesday, the U.S. Labor Department said that the Consumer Price Index for January rose 0.6%, following a 0.3% rise in December. Economists were expecting to see a rise of 0.3%.
“The January increase was the largest seasonally adjusted all items increase since February 2013,” the report said.
The report added that annual inflation is now at 2.5%, posting its biggest year-over-year gain since March 2012. Annual inflation in December came in at 2.1%. The report noted that rising gasoline prices accounted for nearly half the increase in inflation. Last month the gasoline index rose 7.8%.
After stripping out volatile food and energy prices, core inflation rose 0.3% last month, following an increase of 0.2% in December; consensus forecasts were calling for a rise of 0.2%.
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