Hi. First post here as I only focus on Mako Mining, but I know a little about CCD beginning a few years ago, and do hold a very modest position. But my perspective at this point in financial history is this is the type of miner you take a shot at, with your eyes wide open.
Here is what I see. The owner, who was pretty inept, is gone. The stock did poorly with him; if they have some value, we're better off now.
But I would look at it through Golden Minerals since they have a prospective investment in it. AUMN has also been a disaster for a bunch reasons but they have good silver properties, and more importantly, the stock appears to be breaking out from its endless decline and potential bottoming formation. And if the metals and miners are in an early parabolic curve as I strongly believe, anything can happen.
So if AUMN (stocks that have declined the most, if they stay in business tend to have enormous retracements, and that describes both companies) really takes off, CCD will be in play.
Right now it has a tiny cap with properties of unknown value. Why not hold here or even add, as I am planning to do?
A market mania can cause crazy unexpected results. Think if you didnt know anything about Bitcoin 6 or 7 years ago at under $1 with $1000 on a spec. Multiply that by a high of $20,000. Who knew?
I believe gold, and most of all, the explorers, are totall off the investors' map. A good read is Eric Sprott's piece from a couple of days on this.