Copied from some other board

Todays Humour


In effect ...does Premier not have to prove to us remaing GRC Shareholders .. that all this drilling they are doing and have done.. provides us with the knowledge that this project has sufficient ounces... along with a completed feasibility study and they must share us ...all the results from that independant study before we invest EVEN ONE more RED CENT..

For argument sake.. lets presume Somebody called Mr Anderson owned a mine and was paying for the upfront drilling cost and the with same completed independent feasibility study...then..

I guess as a shareholder, after realizing Mr Anderson has the ounces and a independent feasibility study indicating that it can be built and run with some decent profit picture and the future Gold price looks favorable .. only then.. will I ever need to consider to ante in..

In effect ... prove it to me.. before I invest anything more


Now .. if Mr. Anderson tells me that he has spent $10 million in the first year and another $15 million in year two .. and he has found 2,000,000 million ounces at a decent grade for the total money his firm spent ... then I guess my 30 percent will only cost me $7.5 million.. and only if I decide to stay...

Looking at this 2 million ounce poker pot with me getting my share,, 600,000 ounces ... with an Insitu Value of 10 percent near todays gold price... then

I see my 80 million dollar insitu share is going to cost me only 7.5 million dollars...
.
Hey .. isn`t that a hell of a good risk for me ..Wish I had more stocks in my portfolio with these odds....

Yes ... it`s still 1 dollar for 10 dollars value for me but no friggin risk..

Remember if all hell breaks loose, ( Lord Forbid ) & Gold falls back .. I still have the option to sell my stock and simply walk away with no more expence or obligations....

But ..If gold climbs higher in the next year or so.. would it not be more like a real Golden Opportunity.


Lesson One ... RISK VS REWARD... is now completed..

Now.. lets get back to this poker game and see what cards we will get to play with going forward..

It`s geat to see others sharing their thoughts and conversations...and hopefully by now... I have finally passed lesson one after my 11 years on investing..

Best of luck to ya all...and yes .. Mr. Anderson.... it is a good deal... actually.. a hell of a good deal..IMHO