opinions on this forumI said 300-400% (atleast) for the year. I am not going to ignore certain interpretation of quarterly results that actually show profit with copper rand included. Merrill Island open pit being used to improve mill costs as the lack of processing has raised costs in the previous quarters.
I don't think its out of the question to see Campbell make greater strides when the company changes market perception of being a well financed, viable company with a dominant position is an excellent mining camp.
Benson has raised valid points that we are looking at a 'Producer' not an exploratory corporation. Producers though will always be questioned on how they handle their books , if they are running into the red or operating in the black. It seems many pie in the sky exploratory companies get investor money but when are they ever pulling that stuff out of the ground. I think in that situation of observing a producer we'll see much more interest in Campbell soon.
Campbell actually has miners, infrastructure, properties, expertise with NWI that many drilling corporations aren't even close to having. Chibougamau is a mining town, it is the foundation of what their city is built on. Campbell has done a great service in giving those people jobs in an area that doens't have the opportunities of many urban settings. I believe the flow of mining employees will be there but its about getting their expertise ramped up. The training programs are doing this and I love the approach Campbell is taking. Would anyone do things any different from how they are approaching things now to get the ball rolling (in terms of operations)?
I like Campbell a whole lot and although I am diversified with (WIN - significant technology patents in wifi etc) .. I believe in the Campbell story. I have researched this company for a long time.
Campbell was an early gamble that might have been worth taking. Nuinsco and the amount of financing changed the direction Campbell wanted to take exiting CCAA. They could have gone another way, they could have pulled back some of the dilution numbers. The prospectus only put Campbell at 6million in immediate debt. Campbell wants to have the ability to swim and did so with greater dilution and rights.
This was not a bad investment/gamble at the time. Campbell had many reasons and hints that they had no intention to make current shareholders worthless. Fortiers interviews on Campbell survival, SOQUEM owning shares , current investors at that time etc.
The point I'm trying to make here is that Benson has taken a position that many here haven't. What if Campbell really did hit the jackpot? He is seeing more factors that play into this scenario than some of being pessimists. He is taking an optimistic approach but an approach I do not completely throw out the window AT ALL.
I've had the pleasure of talking Campbell with benson over the past year and although very passionate about his analysis on his investment he is faced a barage of attacks on his character.
I don't feel it is necessary and many people love to try to knock down the person put on some type of pedestal.
If hes preaching greater returns on solid analysis and points to validate his approach, then whats everyones concern? It is another possibility just like those who wish to play it conservative.
I respect Benson, his analysis and contribution to this forum. I don't agree he should take any backseat to what he wants to predict. I say go ahead and write whatever he would like, he is another opinion, like you are an opinion, myself, gears, takan, moly or anyone!
cv