OTCPK:CPPMF - Post by User
Comment by
CalifDreamingon May 17, 2008 9:33pm
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Post# 15085566
RE: huge dilution coming
RE: huge dilution comingOf course there is going to be dilution - how else are they gonna raise capex to fund the mine?
They managed to ramp the share price to do a decent equity placement considering the lousy market for juniors. CUM was hoping for a better financing price (and less dilution), but they did OK all things considered.
CUM will be a $1B market cap in a few years. But should have significantly less than 100MM shares os post financing. Easily a $10 share price in a few years, once they are in production.
But there is definite upside to this play - the deep IP survey indicates a big target below the existing pit and mill expansion is highly likely imo.
I particularly favor CUM as they have a fully permitted tailings facility. That is a huge advantage these environmentally whacked out days.