I am very happy RCF is on board and that my avg is far below their avg. The story you posted is an excellent example of how RCF knows how to make money.

RCF was a long time backer of Baffinland and pushed to reject an .80 cent takeover that had a 100% premium and eventually supported a 1.50 takeover which was about a 400% premium over the sp when the offers started coming in for a total value of 590 million. So not all RCF investments result in a 1000% return. Ask RCF about First Nickel. They have lost a lot of money!

Not only that, the net present value of eagles nest is 600 mill, the net present value of baffinland was 2.7 billion. make your own assumptions.