Amid a cynical, perhaps realistic, scenario of what may be ahead for us Tyhee longs who hope to profit by the time the company goes into production, Dr. John Wolstencroft mentions only three positive factors, out of many negative ones he sees, that could rescue investors from what might be a potentially bad investment in those juniors that deliver a Bankable Feasibility Study. (He says only 10% of all juniors will ever make it into this "elite" category).
And these three positive factors are:
1) Significantly higher gold prices, and
2) Low mining cash costs.
3) The actual ounces produced may exceed estimates in the BFS.
Definitely worth listening to:
http://dominicfrisby.com/wp-content/uploads/2012/03/18-Stages-to-Mining-Ruin.pdf
http://commoditywatch.podbean.com/
