RE:RE:Bought my first shares todaynotgnu, A quote from Bank of America, "WE think copper can once again rise above $4.54 LB, at some stage"
Now then, I'm not a pro at determinining what share price NCU can be a year from now, 2 year, 3 year. Who can till production starts and produced copper data is made public.
But the fact is NCU was @ $6.00 at it's history. Why can't do it again? NCU just increased the lifting compasity in one shaft. Infact a NR just said the shaft was built to accommodate much more volume than the setup is at now. So they can increase vol. more, IMO.
The bottom line, I think is that once it produces, pays off dept, the they get paid on that vol.
The vol goes up, our share price goes up, just like a major, right? Am I missing something?
I just bought in on a producer today @ $0.14
This doesn't happen every day!!
Yes, you'll have to buy and wait for a great return. Would you rather pay $20 a share and get a whole lot less shares for buying an already established company.
NCU is all permitted for the U/G mine and hte Open pit mine. Ready to go!!
On NCU you're getting in on the groung floor.