Welcome To The Kimber Resources HUB On AGORACOM

Creating value through Exploration and Development in the Sierra Madre of Mexico

Free
Message: Kimber is not a Business

All: Kimber is a buyout play. It is not business investment. If you bought Kimber because you wanted to buy in on a savvy mining company or even a mining business opportunity, you are in the WRONG PLACE.

This investment has nothing to do with building a mine or marketing or even ever going into the mining business. It has to do with the underlying economy and gold market.

Once again, Kimber is not a business! It is an asset play. The reason to buy Kimber is to buy gold in the ground at $30-50 an ounce in the hopes of one day being able to sell it to someone for hopefully $600-700 an ounce. That's the idea.

Gold mining is and always will be a terrible business. The only time it makes sense to buy into a gold mine is when gold is tremendously undervalued as it is today.

If you are in Kimber because you think mining is the royal road to riches, you are in the wrong place. Kimber is an asset play, a speculation based on beliefs that government meddling in the economy have created distortions that must correct themselves. This should be why you are here. Don't expect Kimber to run like a great business, because it isn't one. All Kimber really is is a ticket to ride. The ride just hasn't begun yet, that's all. It will soon enough. Bull

Share
New Message
Please login to post a reply