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  • joe_trout2 joe_trout2 May 18, 2011 2:04 AM Flag

    OT - Brent Cook on PM equity under performance

    He's the same clown that got on BNN and said RBY's ounce count would go down substantially because they didn't employ a top cut and the stock would take a huge hit. Not really interested in what he says, since he is clearly guessing and a bad one at that.

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    • If I remember that interview correctly, he didn't say it would go down he said it could go down and that the uncertainty about that would negatively affect the price.

      He was pretty adamant that a top cut was needed when he probably shouldn't have been but it's not quite true that he was guessing.

      If you read the amended 43-101 in light of the original, almost every parameter and assumption in the original was changed.

      It's true that no material change to the ounce count resulted from the inquiry, etc.

      • 1 Reply to sewells831
      • I recently heard an interview with him where he made it clear that "Grade is king." He was making the point that ounce count can be very deceiving. He was explaining that many investors only look for the number of ounces touted vis a vi the ore grades.

        I think Mr. Cook is a good communicator, and gives investors an honest look at some of the hidden dangers involved in mine investing.

        Thanks for posting this article.

 
RBY
1.02+0.02(+2.00%)Jul 2 4:00 PMEDT