ryanoo, i dont know what to say, it had a big day friday and today, buying strength in this sector and maybe every sector is not a good idea
but this got to $20 in the last run. rifel , the ceo is going to sell it , he doesnt need investors as he did the pea and is not going to spend a dime. when the price is right he will sell. simple as that. i dont know what that price is , its a low grade mine so its highly leveraged to the price of gold . As gold goes higher it becomes more and more valuable. it is also an extensive find w/18 million ozs
its obviously worth alot. sprotts experience on last weeks interview points out chpgf does not need money, he is not going to dilute the share structure. this is the kind of miner i want. he doesnt waste money and he does not want to dilute my money. there are several guys like this in this industry. beatty , quartermaine. etc come to mind.. i am hoping quentin hennigh is another . i put alot of my money on his ventures. he is either a really good salesman or as former head geologist of newmont . he really knows what he is doing. i am thinking , he knows what he is doing. so i bought into several of his projects. we will find out.
ryanoo , mining is a tough tough business i had nightmares in the 70s bull . most of the sector was in s/africa. so i appreciate some of todays crew. i had quite a few takeovers from 01-11 i made notes on who the executives were , some after selling , started new ventures and i decided to ride w/them again. so far i am not disappointed. you see the majors ran all they had in the bear of 11-19 so they will need to replenish stock /inventory. there has been some takeovers, but not on the scale that will happen. majors have mines everywhere. hard for me to believe that as fiat goes down the toilet cash starved govts will not want the action . nationalization. so this is a concern i have
hopefully whatever choice you make it makes you alot of money. make no mistake this is a small sector and when the public comes into the space 10baggers and much more will be normal. i guess i had alot to say