RE:RE:RE:RE:RE:RE:My Consolidation Decision.Martyboss that's an interesting idea about selling Rockcliff's share of the Talbot mine. However, to properly evalutate the value of that deposit, that deep plate needs to be drilled, to actually see what that entire deposit actually represents. Downhole geophysics also needs to be done to see if anything significant may lie below as well.
If Talbot were to be found to contain a huge resource of some scale near the size of Lalor then I would imagine that reallly big dolllars would be involved in any such transaction.
At this point, Rockcliff has nothing to lose but the cost of drilling down to that level. Hudbay would have to pay its fair share of the bill for the drilling cost. I understand that is in the current deal, at least until Hudbay starts actually constructing the mine at Talbot.
It's odd that Rockcliff hasn't considered doing this drilling, ever since Hudbay exercised its option to become the operator. Like you say, until Hudbay actually starts constructing the mine, Rockcliff still owns 49% of the mine. After the construction commences, Rockcliff's share decreases to 35% ownership.
There must be something that Rockcliff isn't telling its shareholders. I hate a secretive management style. But if some kind of backroom deal may be in the works, and gets the company mining, then I guess that I am all for it!
I just want the share price to dramatically improve!
Thanks for the information about the lack of asks below the 8 cent level. I guess that there still remain a few smarter shareholders who are still holding out for the better price. That means most of Rockcliff's shareholder base still remains, at least as positive as us.
I don't have the level 2 quotes that you seem to have. It's good information but it always costs more. Others may be equally uniformed so your information is very significant for those in the same boat as me.
I've been picking up a few extra shares whenever I can afford to do so. Every month, as long as they remain 'crazy' cheap, (like you said these shares remain 'a steal'), I will continue to buy!
Even Ken said that he felt that the shares were 'crazy' cheap. He couldn't figure out why, other than concluding that these were difficult markets.
And I beginning to believe the same thing.
Looking around in the junior exploration space, most of the former high flyers have fallen back by a significant amount. At least Rockcliff shares are already at a rock bottom price. The only way for a financially solvent company to go from here, is up in price!
It's just a matter of how soon this might take to happen. A mining project would accererate the pace!
Remain positive!
All the best! Java