RE: RE: Drilling with sharp bits!Hi Rev,
For months, maybe years, you have been posting cryptic comments about the state of the gold market and the companies associated with it. The price of gold(in real terms) has hardly moved in the last 12 months in relation to the US dollar price.
In my view the price of gold has nothing to do with the price of CYP. CYP is an explorer not a producer(and never will be).
The price of this stock moves in anticipation of the potential discovery of ore with a decent assay level.
CYP/SYH will at the end of the day will either be sold to Goldcorp or some other company who have the production scenario on their radar.
At the moment this is a trading stock for those brave enough or a long term hold for those who got in at the right price.
It's always tomorrow with all exploration companies, and very oftem tomorrow never comes ! Timmins will be the next Red Lake in terms of exploration and the same principles will apply.
Laid back and really rich in the East of England.