RE: About OutStanding SharesBlitzcash; I agree. Shares out only mean something when you have nothing. We have the makings of a mine. We also seemingly have a bunch of acreage that is unexplored and may indeed put CHD into another league. While I would prefer things to move faster, our day
would seem to be coming. We look undervalued compared to a lot of comps so it may be a matter of telling the story. Telling the story sounds easy but is not.
The IB sharks within the houses that follow the copper sector are always looking for a match though. You can almost be certain that such a chapter is about to be written if indeed the potential of CHD is as it seems. At an IRR of 28% when we start to mine I can probably wait for a bid for CHD. That of course is based on 1.30 copper. The leverage to higher copper prices is big so if one thinks 2-2.50 what is the IRR. The smart money is quietly starting to step up I believe as they buy into the growing resource size, future copper pricing and the likelyhood of consolidation in the copper sector.
The post labour day period may indeed prove interesting for CHD. The volume in the last week or so has been surprising and may be a sign of what lies ahead as CHD moves up and lies up better with its peers in the sector.
let the games begin.
Coyote13