Re: hmm - deeppocket
in response to
by
posted on
Apr 18, 2013 10:32PM
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%)
The entire market is and has been going through a manipulation for quite some time. The entities that need to maintain control and power over the markets, want us to be fearful and paranoid. I read today that it is near imposible to get ahold of "real" bullion in Canada prompting me to log onto my favorite Canadian and U.S sites to see if I can purchase another 500 ozs. of silver...didn't happen! Commodities aren't done, the emerging economies still need what we have in our deposit....
Focus on the macro environment, witness the events that are going on in plain sight....CUU is just a casualty of this bigger picture. None of us invested in this stock for this long of a haul and some of us invested way more than we should have. During better times in the market, this would have been over a lot sooner, perhaps prior to the BFS release, but this phase of the market and with these economic conditions.....is it really any wonder we are in this conundrum?
I would imagine, even as confident as Don Lindsay is of the future for copper, he must also be concerned with the timing of this size of commitment, not wanting a repeat of the Fording fiasco.
I believe we are giving Teck breathing room to assess the risk/reward of this monstrous project, pushing them will not benefit either party. If you have ever sat through a "time share pitch", where you must act now and you need to have this because there are others waiting in line for this opportunity, usually causes one to run....