Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: downside

Re: downside

in response to by
posted on Apr 21, 2010 06:23PM

"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.

  1. negotiations with the FN
  2. environmental assessment for the rail project
  3. environmental assessment for the mine
  4. feasibility study
  5. funding
  6. rail installation
  7. 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

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