RE: volume confirms behn121=Porksnifferbenh121= Porksniffer???
You insult me, I'll return the favor. You're the pathetic guy. Keep pumping.
We'll see how Happy Creek Performs and we'll see if I'm right or wrong.
HPY is a couple of miles from Teck's processing(Highland Valley Copper Mine, largest in Canada). Teck has only so much rock to mine and then that is it. It's main pit is cracked too. Teck's mine has around 900 to 1000 employed. The mine is very important to the area and for Teck's cash flow. HPY has identified thru drilling 2 Zones. Zone 1 has Amec doing their stuff and eventually after the work required there should be a resource. The zone is open and no one knows how big it will become. Zone 2 needs more work. Lot's of good stuff identified in that zone in conjunction with the copper. There is moly, silver, gold and rhenium. That zone could turn to be a big one with lot's of other credits associated with it. HPY also has identified around 5/6 other possible targets that could be deposits. Showings as high as 3.3% copper! Now, with the pp, HPY should be drilling the living $hit out of certain areas. It only makes sense. The larger and more defined HPY's copper becomes, the more value associated. If HPY can prove a "stand alone" where Teck isn't needed then do you think Teck will sit idle as another major or the Chinese or Japanese start to nose around? And do you think Teck will not want to supplement their resource so they can keep their very profitable mine open for additional years?
Also, HPY discovered that they have VERY high grade tungsten on their Fox Property at the Ridley Creek zone. People aren't understanding what HPY appears to have here. Results as high as 5% tungsten were identified. Chip sampling had 7.3 meters of 1.3% tungsten (worth about 9 gram gold) . Alot of chip samples were done at different spacings over 2 kilometers. The majority of the intervals had 1% plus tungsten and the vertical for alot of the chip sampling were open. Tungsten companies, for open pit, are lucky to have 0.2% tungsten. These companies use a cutoff of .1% to .15%. So if HPY has 1% from surface then the cutoff should be in the 0.15% range. So 0.85% would be gravy. Note that 1% tungsten is worth around $300 per MTU. In other words equivalent to about 7 gram gold. HPY is probably sitting on billions of dollars of surface high grade tungsten. There is no way HPY would ignore this property in 2011 with tungsten being so high and having such high grade. There are very few tungsten mines outside of China. China is being very strict with their tungsten now as they exhausted alot of their supply. So if HPY pops alot of holes on that property and works it right, then I doubt it will be ignored by the investment community or some needy tungsten processing company.
All is speculation, but HPY has the chisel and needs to carve out its niche now. I'm still thinking this could be a 10 bagger (or more) if management does alot of drilling and has positive results. We'll see. Time will tell.