TSXV:USCU - Post Discussion
Post by
tamaracktop on May 06, 2021 1:39pm
New highs on Copper
Copper hit new multi-year highs this morning. It's certainly getting within range of the all-time high hit in 2011. This certainly helps the cause. The wind is at our backs.
In my opinion, we can reasonably expect two important developments by the end of this month.
One of them will be the move from the pink sheets to the OTCB. It's interesting to note that the pink sheets are called that precisely because stock quotes were actually printed on and distributed on pink sheets of paper. Anyway, trivia aside, the significance of this move can't be overstated.
This move will generate acceptance and liquidity. Simply put, trading on the pink sheets is anathema to stocks. The pink sheets are primarily the domain of stocks that are speculative or even "borderline" in nature.
"Pink sheet-listed companies are usually very small, tightly held, and may also be thinly traded. The most difficult part about the pink sheet-listed companies is many of them do not even file annual or periodic reports with the Securities & Exchange Commission (SEC)."
The move to the OTCB is sure to give US Copper the "legitimacy" it deserves, and by extension, greater market awareness and will certainly avail the stock to potential buyers indisposed to participate in the lowest level of OTC markets.
The second development we can expect is news that drills are on-site, and that drilling has begun.
It's my understanding that this will be infill drilling, with holes to be twinned. I believe the aim of this drilling will be to move resources from the inferred to the indicated category.
This will have a significant impact on the market's evaluation of the NPV of the company's deposits.
For those who might not know the distinction between these categories of reserves:
"An Inferred Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration."
I remain reasonably confident that we will hear of these two separate developments in the very near future,
While the company is obviously not given to making regular press releases, you can be certain things are happening in the background.
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