Please define the difference between "wild gambling" and "informed speculation". Let me take you back on task. The fears of a massive attack on the precious metals are real; the certainty of such is not real - it is a fear.
If everyone in this forum is "gambling" on a 43-101 or a big intercept at Kidd to bail them out, it is prudent to consider outcomes given any and all scenarios. In 1981, markets were gripped in a vicious bear market yet the Hemlo discovery was incredible protection and delivered enormous returns.
Discoveries of similar magnitude may provide the same protection and that applies to Explor, Tinka, Darwin, Lakeshore, and any other junior out there. The challenge lies in owning the company that HAS the discovery which is providing the lift. Investors currently are rewarding base metals and are punishing gold. They see rewarding minimized dilution and punishing unbridled dilution. They are rewarding execution and punishing delayed timelines.
It is important for me, as an investor, to prepare for a massive raid in the precious metals while remaining well-positioned in the likelihood that these FEARS (not CERTAINTIES) are unfounded. If others are convinced that gold stocks will rocket as gold bullion explodes to $5,000 per ounce, then as investors, you have made that choice. And if the fear turns out to be unwarranted, then the only person I hold accountable is me.
