RE: Marcona - FATAL FLAW ????Cappy, you should have bailed by now if you think the ship is going down. As for Peruminer and AlexBlack, not sure why you continue to hang around. You can't be long CHD based on your point of view. Whether CHD is a short is a tough call. The institutions that are in and that have done their work don't think so. It would not seem LUN does not share your views either. The bought deal would suggest Marcona can happen. Whether Ulli and his team pull it off remains to be seen. I am guessing they sell out and take their option profits. In the meantime have mine build costs and operating costs gone up? Probably. Copper is also $3.89+. Most analysts have raised their long term price to $1.75, a mere $2.14 below where the price is today. I would suggest that few copper mines will happen if the analysts price of $1.75 is right.
So if beating on CHD is what works, please spell out the facts as you see them. I read the latest CHD slideshow on the mine economics from their website. If its BS then call it so. If the analysts coverage is BS, do the same. I believe there are 5+ shops covering the story. Management and the analysts should be able to figure this one out and lay out the facts. After that do you own work and go from there. If its a dud so be it.
Coyote13