Re: Don't get it?
in response to
by
posted on
Jan 28, 2012 01:56PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I don't mind paying more for shares closer to milestones. I enjoy your posts and don't want you to get your back up. This is my opinion and to each their own. Cheers
No worries my back isnt up....as Ive said in a few posts before I rather enjoy hearing everyones opinion.
My reasoning behind BXX is thus; Yes it is further away then CUU is from being bought out or going into production. However...a lot of people missed out on a lot of money buying CUU at $1.50+....even a lot of my friends and colleagues said I was nuts buying CUU at .08....I already sold a nice chunk of my holdings at $2.69 and am still holding til the buyout.
What you see in BXX is absolutely amazing for an exploration company. The geology is excellent, were very close to existing infrastructure, and weve got moly in the core, significant grades at that. 90% of deposits do not go into production due to the economics, here we have visible mineralization close to surface from the last two drills, and you're very close to the infrastructure. In short, this is huge to attracting a buyout offer. Are we going to need to drill further, of course we will...we have to delineate the resource. Are we further away from anything than CUU yes we are, however what I see here is a chance for anyone involved with CUU to get on the next train at a rock bottom price and make some serious returns. You dont need to agree with me, I just think this is such a fantastic opportunity Im telling everyone I know, making people aware of the story. Look at how many explorers out there have nothing like BXX, and yet BXX is still down at .14.
Im fanatical about this stock....I realize it will carry more risk than CUU for a while, and I dont advocate anyone putting money in where they dont feel comfortable. There is still nothing wrong with putting all your chips into CUU....it is a fantastic stock. Anyone with a slightly higher risk tolerance might want to put some cash into BXX though.
My personal feelings are that there will be a lot of money coming into BXX after the CUU buyout, anyone with a position prior to this flood will see some gains and I firmly believe your chance to be picking this stock up at these rock bottom prices will vanish.
Not to harp guys, I would just really like to see everyone make a ton of money investing and I need to call it like I see it. This is hands down the stock I follow with the most bang for the buck. Just my opinion.
Hope this sums it up Tommy, didnt mean to come off being abrasive if thats what you thought.
Rogue,