Tuesday, December 21, 2010 5:13:04 PM
"... realistically some years from now IMO."
You are absolutely correct, but you seem to suggest that is not worth waiting around for "unless you are long." In that, I believe you are very wrong.
Even if it takes 10 years to get to 10 bucks from here you are still talking a compounded return of just about 72.5 percent per annum. I doubt you can match that or even come close to it as a trader over the same period. ...but I also don't think it's going to take ten years, assuming LBSR is not taken out in the interim.
VP in AZ
You are absolutely correct, but you seem to suggest that is not worth waiting around for "unless you are long." In that, I believe you are very wrong.
Even if it takes 10 years to get to 10 bucks from here you are still talking a compounded return of just about 72.5 percent per annum. I doubt you can match that or even come close to it as a trader over the same period. ...but I also don't think it's going to take ten years, assuming LBSR is not taken out in the interim.
VP in AZ
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