Agreed. It all comes down to the personal value of money. If I watched $350,000-700,000 drop to about $70,000, I would hold on until the new 43-101 and KC mining results. That will likely be after another round of financing, which will bring the share price lower. At that stage, it is time to re-evaluate. That is just me though. It is highly likely this thing will drop lower, probably sub-6 cents (just my guess). That means $35,000.
Of course everyone knows this, but exploration stocks are extraordinarily risky - to the extreme. It is still highly possible that this company will fail, and if $70,000 meant eating or not, that would probably change my perspective.
Worst case scenario, we lose everything of course. Best case scenario, we grow this resource to $3M or better, hit high grade base metals at Kidd Creek, and sell both properties in 2013/2014/2015. If all of that happened, who knows? We might hit $5 or more a share with 180M shares fully diluted.
I imagine we will wind up somewhere in between. I cannot present any numbers to justify that we will be back up to $1.60 anytime soon, however.
The pain will be holding until we whet a major's appetite, and that could be another year, easy. Considering we will see lower prices. I imagine most people will bail out in the end, before things turn around. In fact, I kind of count on it.
BTW, to those that talk trash on the Mining Speculator, his #1 pick today hit a 150% gain from this year's lows. I am not thoroughly impressed with his work. At some times, I am somewhat dismayed by what appears to be a lack of energy or interest on his part, but I have seen several of his picks turn out well over the years. Has anyone tried Brent Cooke's Exploration Insights? Can anyone recommend anything of a higher caliber than the Mining Speculator? (And please don't say Insider Alert.) I am looking for something that will teach me more about this industry, after having watched it for a few years.
Understand the present. Create your future.
