"the downside is so low this is almost no longer a venture stock"
Wrong, despite the massive potential for the Ring of Fire as a whole, and in particular our little slice of it, there are still a pile of hurdles that need to be passed.
- negotiations with the FN
- environmental assessment for the rail project
- environmental assessment for the mine
- feasibility study
- funding
- rail installation
- power grid
These are just the more salient problems, and there may be others.
I love this stock and have a substantial holding - all at an average cost of 6 cents - and I believe that our day is coming.
That being said, I will continue to play devil's advocate, since someone has to temper the exuberance of the posts, and look at the big picture. There is no point in hyping a stock, all you do is hurt it in the short term, since retail investors who buy on the hype will bail at the first decline.
Good luck to all
