ESS 0.00% 50.0¢ essential metals limited

W27. Thanks for your well thought out response. Starting with...

  1. 7,972 Posts.
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    W27.

    Thanks for your well thought out response.

    Starting with your last point regarding gold long term.
    I agree 100%, that sooner or later this Keynesian economics theory that the West has been following for decades is like pulling the pin from a grenade and, holding the handle down in the hope that your hand does not cramp.
    It is just crazy but that is what most of the financially illiterate electorate wants them to do, to never allow recession.

    Socialist parties have conditioned the public to believe that it is possible as they read it in a book, so it must be right.
    See if you can count the number of successful socialist governments around the world, and if there are any, they will not last long.

    I have been a very strong advocate for gold and went through the gold boom of the 1970's.
    Sooner or later the fit will hit the shan but, it is amazing just how long they have been able to kick the can down the road and, I think they will be able to do it for some time yet. Remember the voters are stupid.

    The question is should PIO change horses half way down the straight?
    Personally, going by the history of other companies that have tried such a feat in the past, especially without a proven tenement to which to go to, I think that it is foolhardy.

    If PIO can make a go of lithium and hopefully cesium, then down the road they could well get into gold on their own and make a lot of money. It is just at this time I feel it is far to chancy and would take their concentration away from the main game which is lithium.
    Don't stray from your core business as that has been the death of many a good company.

    I cannot believe that NST would not know exactly what they are doing with the Super Pit and I would think that there must be super rich ore there that they intend to mine by underground methods.
    As you say they are not dills.

    I had similar conversations with David, to those that you mention, and I know that what you say is correct.

    I value your input as I know you have much knowledge and experience in the West.

    Regards

    Lockitt
 
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