RE: Thoughts... Hello,
First post here! I myself have been following this company for 2 years, and bought in recently at the 8 cent area. At these values, I think it is a steal, but obviously poses some risk. Reasons:
You can look at the charts to see that it struck $1.20 around 5 years ago - this is because a neighboring company (NOT), hit the jackpot in the Ring of Fire. So, this is an active area.
As for these guys right now, they are continually getting samples positive for copper, among other metals, but are not hitting quantities that are large enough to really constitute a mine. So they are searching. Keep in mind that this is a massive area in Northern Ontario, it could take years to find, it could take months, it depends how lucky you can get.
One thing is certain with these stocks, they go in cycles. You need to buy at the right time and sell at the right time in order to make money. Buying at the 52 week low (and close to the historical low), is certainly the right time, especially when it has been flat for 5 years. When you also factor in that the venture has been pounded for 18 months, you can see that this stock may naturally receive a bump when the storm clears.
I have not bet the farm on this stock, but have enough invested that all I need to see is $1.00 and I'll happily move on to my next investment. Some people will tell you it is a 6-10 dollar stock, I'm not convinced that is realistic, NOT did it one time, but that's a magical story.
Disclosure: I am not a financial analyst, and this is my opinion based on my independent research. Always do your own and come to your own conclusions.