Interesting discussion
in response to
by
posted on
Nov 12, 2007 04:30AM
15 Gold properties & 1 Molybdenum resource - Beardmore & Geraldton, N/W Ontario.
I understand that we would all love for RMK shares to hit 4.00 a share like KXL did,,but one needs to understand what RMK is. We are a soon to be producer,,,much similar to Alexis than KXL,,,the point for us is the time from production. I believe explorers are much riskier investment going forward. I want to own some companies with known resources,,,,43-101 in hand. It's a balance for a portfolio. Get a big correction,,,and explorers could correct badly,,,whereas producers may take off. Macro-economically,,,,when the dollar falls big time,,,I want to own gold producers.
KXL does not even have the permits to build a mine,,,no plans on building a mine,,,no 43-101 of ounces in the ground,,No pre feasibility plans for build a mine,,,,and I can tell you,,,just those things above mentioned will take 3 to 5 years to achieve.
Then you have to build the mine,,,and the mill,,,another 12 to 18 months time.