posted on
Feb 24, 2016 04:08PM
Little less than 10, Jean pls take into account Total shares out plus the coming 'interest' payments for RCF. More like CAD 7+ for now. Hope it still feels the same as you have described. Anyway, mind you, RCF is known for its strong hands, this is also their chance to make a killer in a market which has not provided that many opportunities as of late. I am far more positive on Canadian economy than most, look at the effect that now elevated gold price has on economic activity, some companies work day and night, weekends, to get as much over the counter as they can. As for oil prices, worldwide demand continues to grow, due to lower price and economic laws, supply is to meet demand sooner, the gap is not that big. It is the story of one barrel too much supply or one barrel too few, we will see oil prices going up gradually from Q3 onwards. No doubt about it. Demand growing too fast, everyone in Indonesia (300 million people, 8 to 9 times Canada) with a bicycle is buying a motorcycle in coming years, the ones with a motorcycle a car and so on. Justin can as hè likes diversify in other commodities, chromite, more stable in price. Building an economic sector from scratch is far less easy than building on existing Canadian strengths, mining. E.g. I do Not see for instance Russia concur the world in the automotive sector already dominated by Japan, USA and Germany. Canada should stick to its knowledge base, mining, industry, farmproducts, financial sector and the powerful smaller sized companies. Diversifying in these sector, for mining in chromite, is one of the better options to propel economic activity. It is a blast Canada holds this deposit, many countries do not. Justin can make a killer here as well.