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The Lyceum - searching for eudaimonia


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Bought more at ave .73.

On known fundamentals, bargain.

Should eventually be a $500m ++ mc company. At least a 5 bagger.

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  1. kennas's Avatar
    That was a good ramp. LOL.

    See thread for analysis.
  2. kennas's Avatar
    Been reading the SS in absolute detail and crunching numbers and on the assumed long term prices for Hem/Mag reduced for the impurities in the deposit and it's looking dodgy. I have to have a very good look at the numbers again, but I think I may be out.

    The comments above are on a Hematite price of $150 ave, which I thought was fair. The SS gives half that. eeeek!

  3. kennas's Avatar
    OK, have my breath back. While the SS has future estimates really low, they are been ultra conservative perhaps. And I might disagree with them. But what would I know.
  4. Miner's Avatar
    Hi Sean

    Are you still holding DMM and is the down fall just a correction for DMM ?

  5. kennas's Avatar
    Still holding. I think it's just a correction. I'm happy with the numbers I hacked out in the thread giving it a potential MC closer to $1b going into production against current $30m or whatever. Will naturally be rerated once the overall market sees the value. I hope.
  6. kennas's Avatar
    Cripes, what a misjudgement of what this correction was going to do to IO prices and hence all these juniors.

    Expensive lesson.

    And also a lesson about FA and TA and it's value.

    In this case TA wins I'd say.


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