SP provides for a serious opportunity to load up once again. The summer doldrums will put enough price pressure on that we may load even well below current levels.
Notwithstanding ongoing dilution, if one looks at 2010 FYE SH and now, on a material base it is cheaper than ever. De-risking cannot be stopped, it's too far through the pipeline, which was not the case FYE10.
I view enough has been said by everyone, It has been analysed form every angle and all corners, of course Baostell bought in at .84 with a 10% stake, for them just a small absolute amount of money for ensuring future supply. A hedge on the financial markets would have been far more costly, RCF the same, buy in at over .60 and knowing upfront that upside on a calculated basis is far stronger than the chance this goes for below .30, hope to see that number during the summer for loading up the truck once more.
Polotics is one thing, the material base cannot be left outside of view. I will keep my eye on the ball even if no one in Canadian politics will do. The model now shows a 70 to 80% likelyhood that this puppy is the next to run coming autumn or as much sooner as possible. SP manipulation is fun to watch with the longer run set in mind. How long ?
I like everything oversized if it comes to NOT. So Coutts, make us a nice surprise and catch the dark horse somewhere out there. I have no doubts whatsoever that NOT will be a mine before X-mas what year ? let's say it will takes us 2 more years than the earlier projected '16, 2018 is the year of having an everyday NOT golf tournament.
The longer you hold, the stronger you stay, let's scoop some shares on the cheap.