Spoke to MGMT at PDACI just into this stock today on the increased volume.
I spoke with Don huston and others at PDAC regarding Broulan Reef. Since Deep drilling the property is an expensive and risky propostion, these two rumoured scenarios were what was most likely to happen to advance this project in the short term.
If Gold Eagle and/or CYP/SYH are going to be bought out then Goldcorp is the likely suitor. Giving Goldcorp a 10% position in the company will provide CYP with the much needed cash to finance a deep drill program on strike with Gold Eagle's deposit.
I can't see Gold Eagle buying 50% of CYP outright but a 50/50 joint venture might make a lot of sense especially since Gold Eagle already has 4 deep drill rigs on site and are almost at the broulan Reef property line.
bottome line, if there's competition for the project, then mgmt has a few options to consider.
Just my 2 cents