>>23855231>I'm concerned for his poor mum.She's already up $35k. If it goes back to her buy in, she'll be alright.
>>23855087>only pure speculationI agree most of the run up after 10 cents was speculation. If everything works out with what they're planning it should go up much more than that, so I get why the speculation happened.
>unproven business modelsTokenization is growing massively and is probably going to be really big in the next few years.
>unknown management.They've been around for a while and Tim has lots of experience, especially in finance.
>>23855467>now trying to buy some project in Arizona for $20M without a resource or much detailsAI wrote this but it's accurate:
"Not accurate. It’s a binding LOI for US$27.5M (not $20M) for 72 BLM placer claims (~1,440 acres) and they already paid a US$200k deposit.
There’s no NI 43-101 resource yet (it’s still diligence), but there are details: the LOI PR summarizes NI 43-101 technical reports with very high historical assays (e.g. one program averaging ~4.6 oz/ton Au, others ~0.45–0.59 oz/ton Au), and BOCA is now doing independent verification with new adjacent core samples sent to accredited labs under the LOI extension."
>Usually existing shareholders get shafted in a situation like that.The tokenization model they are going for would reduce dilution as much as possible. Their new partnership/tokanization is supposed to fund the Arizona mine I believe.
I admit I don't know a lot about mining stocks. I'm not a geologist or professional stock trader. I know the basics though. I mainly just copy other people who seem to know what they are talking about.
If this turns out to be a home run, great. If it turns out to fuck me in the ass, I'm okay with the risk(and I'll hopefully sell to get my initial back).
Time will tell.
