Re: Arizona
in response to
by
posted on
Oct 27, 2012 10:07AM
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%)
Hey Stockfriend,
That's one way to look at it, however - the amount of interest right now isn't too high. Maybe a dozen or two people actually calling (at least more than once) to follow up on their investments. There isn't TOO much retail right now - but that's because of a lot of people avoiding miners and risk assets in general. With the addition of the retail that have left in the 2 years+ waiting for the BFS, that makes it so there's a lot less need to take phone calls. I already think that they take too much time out of their day to answer phone calls. Imagine if the mining climate was better, we were more risk on and they didn't miss their delays. We'd have a lot more retail and they'd be wasting a lot more time explaining things to many more people.
Lots of people have been promised things "are on track" up until the last minute when they actually haven't been. It can either be seen as incompotence (they didn't realize it would actually take a whole year longer to do the BFS and it wasn't up to par) or they were deceptive to shareholders, and knew and told them that things were okay. For me it's not a breaking factor, as those negatives are outweighed by the positives that are there.
At the end of the day, they'd be better off giving NR's and official announcements to appease the masses than appeasing a few individuals. The strategy works because of the limited amount of individuals that call, but wouldn't work with more people calling. It would be easier to release something saying "We're progressing with the review" saying the same thing that's being said to singular shareholders. That would be more transparant and better communication at the end of the day. It would also attract new players, but they have no incentive to help the day to day shareprice.
I hold tight because their communication and transparancy doesn't effect the buyout, the amazing contracts that we have or the pounds in the ground. It also doesn't have a huge impact on their skills as geologists and accountants to spend money properly and get this thing done.