Re: When Will News Come?
in response to
by
posted on
Sep 17, 2012 01:17PM
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've never quite understood why it would be that release of the BFS would spur our price as anyone who cares already has a handle on what it will probably look like--or at a minimum economically feasible within the BFS sense of the word.
The event is really the Teck decision, is it not?
From a speculator or traders point of view, "Buy the rumor, sell the news". No one seems to even be buying...not even a rumor, but something that's NR'd for 2 weeks (or less). One would think we'd have a bit more volume and a bit more buying pressure given these things.
Regardless, from a fundamental point of view, the teck decision really is the more important event - but the BFS is still important in that it let's us know what Teck will be making most of their decision on as well as let us see REAL key metrics, i.e. Capex, IRR, NPV etc. opposed to napkin calculations based on old data.