Quote: "Mineral properties are things that have value...".
ONLY be-the-cause it is EX-pected that there will be the abilities and the capabilities to EX-"tract" the ('IN-trinsic')
value(s)!
Other-'wise': There is NO "VALUE", and, hence --- NO "PRICE"!!!
And there is NOOOOO 'IN-trinsic' value, either!
And, so to arbitrarily and auto-matically assume that there is IN-'trinsic' value "is flagrantly untrue"!
"If you're selling a used car..." it's ONLY "WORTH"/"VALUE" is what you can get for it --- EVEN IF YOU 'THINK' THAT YOU SHOULD GET MORE!!!
And a lot becomes the seller's 'problem' in the 'negotiation' --- especially IF the seller wants to sell!
Quotes:
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"It will require substantial investment to bring any exploration project along from "a discovery" to "a producing mine"..."
"The fact that a large investment will be required to make that happen... which is true of every property not being mined already... does absolutely nothing to alter the intrinsic value of "a discovery"... much less "a world class discovery"."
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The 'intrinsic value' --- IF the 'large investment' CANNOT be obtained --- IS "ZERO"!!!
And it is FOR-EVER "ZERO"!!! (As long as the 'large investment' CANNOT be obtained!)
And whether or not it is CON-sidered to be "world class"
is 'academic'!
And it is ludicrous to posture any kind of "value" when the large, SUB-stantial IN-vestment CANNOT be obtained!
In your 'chicken and the egg' EGG-sample, you are mixing 'apples and oranges':
"EGGS" have "VALUE" when they can be "sold" or "used"!
"CHICKENS" ALSO have "VALUE" when they can be "sold"
or "used"!
And the "selling" or "using" is what makes for the "VALUE"!
P.S. Which came first?! The "chicken" or the "egg"?!
