FOXY VETTE WEGBOG ETCI am a share holder and have been since .55, though I did sell half. I just threw that out there to get some people thinking because it is reaching almost worship level here, remember people are here to make money not be your friend and help you out. Vette is in this at .15 with a million shares, so all the information he continually post day in and day out, 20 hrs a day is not for your benefit.
He has very little to loose and much to gain. Newer investors, at the $2 range have lots to loose and should realise that there are still a few issues in developing a mine. WHAT IF TECK does not buyout CUU, it will take FOUR YEARS to build the mine and another FOUR YEARS to turn a profit IF and I mean IF the price of minerals stay high, yes I know we have -$1 copper, NOW, but what happens if the economy turns down majorly. Remember two years ago we could have slipped into a major depression and have those problems gone, NO, they just printed more money and have hidden the problem for the short term, it is really twice as bad now.
This is just a voice of reason for anyone planning on mortgaging their house to make a killing here. I have been around the markets a lot longer than most here, i imagine, so dont bet the whole farm, it takes a long time to get a mine into production and what advantage is it to TECK to buy us out. They get 75% of the mine for $200mil, why would they pay at $3= $1 billion, $5=$1.8 billion, that is the price to build the mine!!! Do you think they want to pay for 25% the cost to start the mine, I do not think so, I would not. And lots of mines are owned by more than one company. So if you are prepared to wait 8 YEARS to get a dividend then stay here, but even then its a maybe.
Dont let the wild optimism of a few make you make a rash decision, its called copper fever. Nothing can go wrong wrong. I hope I am wrong but I bet IF we get a buyout it will be $4 max.JMHO Watch carefully who attacks me. And no I dont own 1500 shares, it is quiet a few more, I will not be working for a few years if we get a $4 buyout.