Re: When Will News Come?
in response to
by
posted on
Sep 17, 2012 01:30PM
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'm tired of reading on the disbelief regarding current sp vs where we should be or could be.
I've seen a stock go from 18 cents to $18 in weeks.
As far as the BFS impact. The BFS will attract the attention on the economics of 1 zone.
Then various facts regarding that 1 zone will sink in (Paramount 50% drilled, high grade as they go deeper, open at depth)
That attention will quickly grow into a global awarness and focus will turn to the Teck / CUU story and agreement attached to it (120 days, 4 year clause, financing, insider ownership)
For some people 120 days is long, for big money looking at taking a position, it's nothing. You will see what happens during that countdown process....The big boys will be watching this like hawks , doing their own numbers....waiting to see what Teck will do and act accordingly. The 120 days is perfect brewing pot for a bidding war recipe.
Shortly after the project and contract awareness, the herd B will come the realization that there's more to this story...it's the story of a District (Mira).
One thing will lead to another.