Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: Re: Maybe was priced in pretty disappointing.

Agreed, however I fail to see any correlation between company news and share price since the 2020 lows. If anything CUU has simply followed/lagged the sector and commodity price since the bottom (See below another comparison of CUU [candlesticks] to Copper price [HG, orange], and various copper exposed companies I follow with large deposits [IVN, FM, TECK, LUN, FCX]). Again if you scale the axes (since different companies/deposits will have varying commodity price leverage) pretty much the whole sector has moved in lockstep.

The only difference is CUU has sharper moves followed by longer periods of consolidation. This is to be expected due to less share price liquidity (majority of the float is locked up) and more copper price leverage (due to the size of the company). What evidence do you have that the move from 0.46-0.65 was driven by news leakage aside from timing/coincidence? All 3 moves up in CUU (0.05-0.2), (0.2-0.46) and (0.46-0.65) appear to be technical breakouts followed by additional consolidation (which it appears to be doing again). Whether the price breaks out again from here to 0.9-1.00+ or if it breaks down is anybody's guess. But it certainly doesn't appear to be news driven if you look at the share volume. Compared to 2011 the volume is still much lower (in 2011 daily volume regularly hit 2-5M shares) so moves in prices this time around are likely magnified.

 

Share
New Message
Please login to post a reply