GREY:CPYCF - Post by User
Comment by
xtdon Apr 01, 2011 11:55am
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Post# 18373303
RE: This stock previously traded at .90 then dropp
RE: This stock previously traded at .90 then droppBasin coal mine turned out to be non profitable so they sold it to Jameson resources from Australia
who in turn walked away from their option. It sits idle now due to ash content and tranportation cost
Then the BC gov't cancelled the power plant licence for the old ingerbell site due to green initiative,
no coal fired power plants in BC. Thus they had no revenue and the van island coal properties were an
unkownat that time. As well the board had their hands full developing copper mtn.
I expect to see the price ramp up after CUM is in production and O'Rourke has more time to devote
to CEC.