RE: RE: RE: $2.12 for CUU tomorrow>>Easily. Re-read that news release and understand the ramifications of it. This was huge, and very few realized it.
I agree too. I would also suggest to fellow CUU investors to learn to read Resource Estimates properly. I realise most of you are not mining engineers or have any experience in the mining industry. But please, when reading the latest RE, try to envisage yourself as a mining giant (i.e. Teck). What mining giants are about, first and foremost, is the payback period and economics of putting the mine into production. It is most certainly NOT about who has the largest tonnage. In fact, there are many junior miners out there that have greater tonnage in their resource than we do, but only we have the following things that make putting the mining into commission an economical business plan,
1) We have the NTL power line and solid government support, both federal provincial and local
2) We have all the necessary environmental approvals to mine
3) We have the blessing of the Natives
4) We are in Canada, one of the most politically stable regions on Earth
5) We have an abundance of skilled labour
6) We have the roads, the infrastructure, the transport equipment, all ready to support a mine
7) We have, in addition to copper, gold and moly as well
8) We have the majority of our property that has yet to be explored, thus potential for growth
9) We have a short payback period, because of our high grading
10) We have a negative cost to mine copper - that is right, negative. This is because we have high grades and because we also have gold and moly, both in sufficient grade to make starting a mine economically viable.
I rest my case. All 10 of the aforementioned points will be succinctly represented in the upcoming Feasibility Study. As a result, I would not sell just yet. Mining companies, when looking at buyouts or potential business ventures, do not care as much about Resource Estimates as they care about the economic viability, and this will be shown in the Feasibility Study (not in the RE).
And for what its been worth....I havent seen a single basher right either.
Rogue,