@knowsnothing613I totally agree with your sentiments. A lot of people seem to be speculating that we'll get bought out and/or the study will present a better than expected IRR for the project. Current market cap does seem rather high for a 25% interest in Shaft Creek especially when CUU would need to help with capex financing whatever the new cost. Obviously that would mean more PPs for the company going forward unless Teck or another company takes us out which I have doubts since the project will still cost billions in my opinion. Lots of time and resources would need to go into the mine development which may lead to delays and overbudgeting. That being said, the insider buying and upward SP momentum is telling me not to sell out my position just yet, but I will do so before the feasibility study. I consider holding through the announcement as pure gambling. At the moment, I think CUU is a good trading vehicle with possibly some P&D going on, but not a good long-term investment at the current valuation. Until then, I hope to realize more profits in the next 2 months so good luck to all longs.
PS: GORO is another interesting story because they have an "internal estimate" for their La Arista project with ~3Mt at potentially 23.2 AUeq g/t. They say that they may have cash costs per ounce of "
" and that 98% of their high grade property is still unexplored. On their presentation and website, they note about their reserves "Not SEC Proven & Probable Reserves; see Risk Factor's in Company's 10K" which, if you look deeper, is loaded with more cautious statements than one would normally expect. Did they obtain an independent party to evaluate their gold resources? Did they obtain an independent party to get a feasibility study? Upper management consists of 3 Reids and former partners of other business and they own around a third of the shares. The stock also recently went from the OTCBB to AMEX. Lot of high expectations for GORO and I think they will disappoint. I'm on the sidelines watching this story unfold, but it could set up for a future shorting opportunity. Stay vigilant everyone and DYDD.