IKN

To quit this horrid act

Louis James of Casey Research, early 2015: “If I could buy only one stock this year, Rubicon would be the one”

Yup, Louis Lobito Little Wolf James, chief pretend geologist at Casey Research, said exactly that to his subscribers when choosing Rubicon Minerals as his top pick stock of the year. And the thing that really gets me is that he said that AFTER visiting the mine, the site, checking the deposit and looking at the business and the problem there is clear: James is dangerous because he has no training at all in geology, he just pretends to know what he’s talking about and so when he’s on a site visit he has to trust the word of the people running the scam company, he has no way of independently verifying if they’re telling the truth about the rock because 1) he’s not a geologist and 2) he’s too full of himself to ask for advice, help or suggestions from a professional geologist because he thinks he knows. And this means that he can apologize all he wants for making a bad call but the problem remains and he’s going to do the same to you next time, and the time after that, and again  et cetera. And this is the type of brainlessness that you’re supposed to trust the next time he makes a call on an exploreco. And you’re paying for his advice, too!
Anyway, really looking forward to Louis Lobito Little Wolf’s considered thoughts on today’s NR from his 2015 top pick. Here’s a table:
 
And here’s your No Shit Sherlock quote from the NR:
The 2016 SRK
Geological Model demonstrates that the F2 Gold Deposit is more
geologically complex and the high-grade gold mineralization is less
continuous than previously understood”
Whole thing here.

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