Post by
cbew on Feb 20, 2024 1:38pm
Bagholder Disgust at Management
Wow! Bagholders on the other forum are now openly calling to fire ES! Disgust at management has now reached even the most diehard bagholders YM, YN, DP, UK, Rd etc. Sinking sp, more PP down the road, little progress is finally wearing on the diehards. YM even posted a realistic analysis from Crux investor on CUU. The commentator gets to the heart of the matter as to why the sp is so low - no near term catalyst and low low grades on the SC deposit. The market is looking for higher grades on SC and so far management has not delivered.
What did I tell you before? SC needs higher grades to really work. Forget about all the PEA nonsense that was delivered 3 years ago. When you account for increases in construction costs, labour, processing costs over the last 3 years SC is not a robust project at present grades period. All MKs back of the napkin calcs are just plain fantasy as he doesn't account for any inflation. Sure higher Cu prices help but if copper prices go up everything else does as well LOL! Maybe that's why Teck is not prioritizing SC anytime soon? Well what do you have to say about that MK? Care to come to managements defense? What do you have to say to your fellow bagholders? LOL
Comment by
MoneyK on Feb 20, 2024 9:38pm
Nothing more than what elchico already posted in October. MoneyK