RE:RE:ClownsFULLY AGREE, ONCE A STOCK BEGETS A NEW HIGH, THAT HIGH IS THEN BROKEN. I BET MANAGEMENT IS MARKETING RIGHT NOW, AND WHY WOULDN'T THEY BE, ON THE BACK OF THE SUPER ANNOUNCEMENTS OF THE PAST 2 WEEKS.
ALL EYES ARE ON TREVALI NOW, INCLUDING MANY OTHER BASE METAL PRODUCERS, WHO WERE WAITING IN THE WINGS TO SEE IF MANAGEMENT OF THIS COMPANY WAS ABLE TO FINALLY PULL OFF WHAT PAST CARIBOU MANAGEMENT WAS NOT - THAT IS REACH COMMERCIAL PRODUCTION. NOW THAT CP HAS BEEN REACHED, TV HAS:
(1) ONE MINE FIRING ON ALL CYLINDERS (AND INTO OVERDRIVE), IE. SANTANDER;
(2) ANOTHER MINE, WHICH WHEN FULLY OPTIMIZED OVER THIS QUARTER, WILL PRODUCE DOUBLE THE CONCENTRATE VOLUMES THAT SANTANDER PRODUCES;
(3) A RISING ZINC, SILVER AND LEAD PRICE ENVIRONMENT;
(4) TWO MINES IN MINING FRIENDLY STATES (CANADA & PERU);
(5) OTHER NEAR-BY ZINC PROJECTS IN NEW BRUNSWICK ON WHICH WE EXPECT TO SEE PEAs BY YEAR END; AND
(6) A GROWING DEFICIT FOR ZINC OVER THE NEXT FEW YEARS.
A FEW HAVE SAID THAT THE PRICE WILL BE KICKED DOWN A NOTCH WHEN GLENCORE RESUMES PRODUCTION, HOWEVER, THEY ARE TOTALLY IGNORING HE FACT THAT GLENCORE MAKES MORE MONEY TRADING ZINC AT THE HIGHER PRICES THAN THEY OTHERWISE WOULD IF THEY KNOCKED IT DOWN AND RESTARTED THEIR MINE.
AS A RESULT, THIS COMPANY IS VERY CHEAP AT TODAY'S PRICE OF $0.70, AND WILL STILL BE CHEAP AT $1.00. I'M SURE THERE ARE PROSPECTIVE BUYERS LOOKING AT TV RIGHT NOW THINKING LONGER TERM, AND WILL PROBABLY BID 30-40% HIGHER THAN $1.00 FOR A TAKEOVER OF THE COMPANY BY YEAR-END.
THIS IS NOT WISHFULL THINKING - THIS IS SIMPLY HOW THE MINING INDUSTRY WORKS.