Re: What's next
in response to
by
posted on
Feb 12, 2013 01:43PM
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 am more prone to believe that Vette and others reported that Elmer "gigled" or "laughed" at our predicted price of $3.20 - $3.80 than to think they misreported.
Good post. If management thinks we are going to get less than $3/sh, then why was DM, who is better informed than any of us retail, picking up shares as high as $2.60? People looking at the sp now are not taking into consideration that the whole junior market has lost over 50% in the last 2 years. When funds sell they sell indiscrimently - the good with the bad are thrown out. Then this leads to even more selling by uninformed retail who must cover margins etc. That explains why our sp is where it is at. It has nothing to do with the fundamentals. Many junior companies with great fundamentals and projects got whacked.