NR in March saidThere will be a significant increase in resource. It also said it would be out by the end of March. What happened to the confidence in a doubling of the RE, progressively has worked it way to the negative? How would Stifell know whats in the RE, would that not be insider trading and if MacDonalds wife has sold and the SP drops on RE release, isn't that insider trading?
I agree going with higher grades, it has always bothered me, the low grades, even though the resource is huge. It maybe a very good way to go. I did not feel the four holes would have any significant impact on RE, I think you need quite a few holes to have someone like AMEC to give you credit for them. Teck knows whats there with these holes, but they are not going to show up much in the numbers, I said that before, when everyone was ranting about a doubling and tripling of RE, when price of shares were jumping.hmmmm. Now those same people are talking 10% or maybe nothing.
I still say why would Teck pay $3 billion, $8, for CUU when they have 75% of the mine for $250 mil? Remember before you bash me I am a shareholder also. I think $3 to $5 would be the most, a great profit for Ernest 200 mil shares at .05 to .15, remember its his only way out, a buyout. Teck wont let go of this property and they are JVed on others.