Re: When Will News Come?
in response to
by
posted on
Sep 17, 2012 12:52PM
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%)
There is a management component but also the size component. These projects take billions to get going and can take decades to get fully permited. We didn't really get going until 2008. In relative terms we've move fairly fast. Look at Mandalay. there's a stock that has top notch management and has fully recovered. Barkerville could have done the same. With all our gold in the concentrates we'll be a big hit with the buyers. Until the project begins the heavy buyers will not move. With potentially days to go no one is buying. That's surprising. Normally people will start buying 2 weeks in advance. If we go by that then we are at least 2 weeks away. However, I think the momentum riders will miss this boat altogether. This is an elephant that will lurch suddenly. People don't believe it can do that. They see a huge float but don't realize most of it is locked up.