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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@MiningBookGuy@MiningCatalyst RE: #Guinea permits - i haven't looked into that. But it's a good point that jurisdictions within #WestAfrica vary greatly in 'costs of doing business'. I don't have hard numbers. But unfortunately, I believe that holding costs are quite high in #Liberia, which is a reason we don't hear much about exploration in that country anymore (which is too bad because it's very prospective!). More companies going into #Guinea, which is a good sign. I don't know how much elections can affect these costs. but #Liberia has an election later this year. Just thinking of those 2 in tandem, since they are both trying to emerge, along with #IvoryCoast (which has it's own issues, but a much wider variety of 'bigger' companies right now, and that's a big positive) ~AUfrica
@MiningCatalystBoth Plateau and the Lucky Strike property have garnered the attention of numerous companies. Although it is still early for any decision to be made, our ideas include spinning out Lucky Strike into a stand alone company post-drilling, which I believe would unlock tremendous value for our shareholders.
@DJSDepends how you define patience, @kjm. Lots to like about $GQC. Here are a few: As @MiningCatalyst noted above, it's seen by many as a takeover candidate. For under $100M MC, it has an existing resource with an NPV of over $200M, and it just hit a new discovery hole with 60 metres of pretty shallow polymetallic rock that comes in at over $1000/tonne. And it has many other promising VTEM anomalies in the same trend that it is actively drilling right now. I see excellent value here with a bunch of upcoming catalysts. Will most of them disappoint? No doubt. Will some of them start to show that this area has a large resource across it? I'm obviously betting they will.
Lemand@MiningCatalyst might be a good idea to hedge by buying some nordic mines stock. Did that yesterday. Three possible futures:
1. Firesteel wins over the Nordic Mines stockowners and after spending $20m ends up with 60% of the mine
2. The deal falls through, Lau Su and other investors invest money in Nordic Mines
3. We end up with some sort of Mexican standoff and the mine doesnt get any financing
In the third future all shareholders lose. But if you own both Nordic Mines and Firesteel you win in future 1 and 2
@OnlyflawsThanks @miningCatalyst and @NickZed! Its a long and rocky road. :) Quickly looking at those two the one that @minincatalyst proposed looks like its more suited for me. Lots of pretty pics and layman-friendly style of writing.