Many Thanks
posted on
Feb 04, 2011 04:07PM
(Edit this Message from the "Fast Facts" Section)
Just wanted to give a shout out to all the longs on this board who spend the time to post their opinions about the goings on in Idaho above and below the ground. I know that many of you have been investing in the juniors for many years, as have I, and know that it can be a lonely place at times. The occasions are many that I question my judgement and sanity. That said, I have fallen madly in love with this sector as it fascinates me unlike anything I have ever encountered before. I've had plenty of losers over the years, yet my accounts sport some gaudy numbers (by my humble standards). There is truly nothing in the world that boasts the horsepower of a junior with a good story and impressive drill results. Nothing. But staying the course can be one of the most difficult and trying endeavors an investor can endure, as all of you know.
I've been in SFMI for almost a year and have been able to build a respectable position in it and it's cousin. Share-wise, they are the largest positions I've ever held and I'm thrilled that I've been able to do so at these silly prices. I say silly because of what we all know lies beneath WEM and in the ore piles being milled today. Like Sinbob says, there are juniors atop "moose pastures" that are trading at multiples of the Falcon that have zero hope of EVER becoming a mine. Zero. Ever. We have something here that defies logic. I have looked at this thing from every direction and for the life of me, cannot figure out why we trade in the pennies. Sure, we're not perfect, but when you look at the big picture, this thing is gonna scream. The gravity of the sector alone will be worth an easy double from here in the months to come.
A legendary trader once said "Be Right and Sit Tight". It is sage advice indeed. Over these months I've tried to find a reason to sell, I've really looked hard yet I continue to buy. Being patient is the hardest thing but patience is a virtue I've learned by being in this sector. It takes a long time to get things rolling, but when we take off, we catch up quickly.
So thanks kindly to all of you who are here to add your honest thoughts to this board. The pollutors here stick out like sore thumbs. The guys who've been around the block a time or two shine like beacons. Sinbob, AZ, Spiny,Oryx, Bouts and DC thankyou, thankyou thankyou. Your good work is truly appreciated. Best of luck to all, and I hope we meet sometime soon at a shareholders meeting in Idaho.
PS. I'm sure I left out several posters in this message. Please forgive the omission.