OTCPK:CRZNF - Post by User
Post by
MEiffyon Jan 07, 2015 10:31am
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Post# 23293756
another year
another year
We will at some point see a feasablitiy study outlining the costs, and it will be sooner than later. CZN needs it to raise money and put together any JV's. As some point out, management would like to stay employed.
Remember, they are burning money and the "well" will run dry. They certainly will not want to do a PP at these prices.
To me the question becomes just where is the breakeven point. Are they able to mine it w/o a JV?
Everyone knows money is needed. Question is, does it come in the form of a royality being paid, or a PP or a JV?
Volume is low and there is little sp action.
So what does the sp do when the feasability study does come out?
To me, when the insider starts to buy, that will be our que that sp is headed up. Problem is they have 30 days for that to be reported. So I can take the risk and buy at these low prices or wait until the trend becomes our friend. Personally, there will be a hint coming our way by higher volume as those close to the action start to load up. Perhaps the charts will be the best way to determine an buying opportunity?
I hope we all make some good money here. Lots of us have endured.
Would be nice to hear from those who have an opinion on how this will play out. We all can vent, but what does it really achieve? It is figuring out how to p/u the pieces.