500%
in response to
by
posted on
Nov 03, 2012 07:01AM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Actually, THE LAW, a 500% gain over 10 years represents a return on investment of almost 17.5% annually, if compounded annually. That would be "a winner", at least in my books.
That being said, I believe your point is that nobody wants to wait that long on one stock in their portfolio to score at that level, when we are all expecting a homerun in a significantly shorter period of time. After all, a ROI of 500% in 2 years is a game changer for most portfolios, and especially when the portfolio is heavily weighted in that one stock.
M.