Surely, the pit issue etc. would have been factored into BMO's negative 4 cents a lb production cost. And based on CUU's projected 180,000 tonne a day capacity, $2 seems to be a bit low. NO? JMO GLTA!
I agree. On another private board Mudguy was consistently negative on CUU pointing out issues regarding the pit design, potential issues with aboriginal peoples and other issues I don't recall now. Seemed a bit unbalanced in his views and I called him out on it. He also admitted he was trading this stock and was not a long term holder so IMHO I would say his views are a little biased toward his trading and not very credible.
For the record, I also asked Mike about the pit issues and the response I got back was "What are you talking about?" After I explained the "issue" his reply was the Engineers don't have a concern about that. If Mudguy really had a problem with this and this was the reason he exited the stock why didn't he just call the company and get a straight answer?
