RE:RE: HudBay Minerals hopes to buy at least one greenfield projecHi Patreid,
I'm not sure a timeline of 6 months is reasonable to expect that. If this fall-drill is a hit, they will need several more drills before they understand how large the area is. Then there are several more steps (PEA, FS) before we understand the economics of it. Combined with the recent pull out of Cliffs and the political issues in the area, and it begins to make sense why we are worth 6 million dollars. BMK at 0.02 creates a great buying opportunity if you want to lower your average, and I believe that money can be made off of 2 cents in the coming year (even on the politics of the ROF and the TSX-V market). However, with 300 million shares and not even a single successful drill it will be a while before this thing moves beyond 20 cents (10x todays valuation).
GLTA