Re: Maybe was priced in pretty disappointing.
in response to
by
posted on
May 14, 2021 08:48AM
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 also thought the SP would get a jolt with the SC news this week. The nothing burger and low volume tell me that the rise we have seen is retail investors and longs like those of us here. I know I added myself up into the .30s.
The big boys with the big volume haven't shown up yet. Why? One bigĀ reason is no promotion. We are painfully aware of each news release but the rest of the world isnt aware of this junior on the venture. We have risen with the rising copper tide.
It almost seems to me that CUU and Teck have played their act together quietly, with an unwritten agreement that after the optimization was done that Teck would find the buyer. So, no reason to advertise anything. CUU is backed by EE so is indifferent to its other non majority shareholders. Teck now wanting the PEA numbers may indicate they've found one. We shall see, but I see this playing out that there will be a sudden announcement of a sale the value of which will not be based on the current SP.
K