Pending licenseHello, I'm a new member but I've been lurking here for close to 2 years. I'm a long time investor in CPN, having bought 100,000 shares in Jan. 2006 @ $0.11. I subsequently sold all the way up to $1.27 in April 2007. I chipped back in at $0.37 in 2010 and subsequently bought ESM after the consolidation @ $0.72, so that my average cost today for ESM is $1.23.
I really appreciate the input from Ferrel, Mooseslayer and local Romania investors.
My view is that the SP will hover around $1.05 and $1.15 till the permit is issued and then around $2.00 to $2.50 once issued. Higher prices will depend on subsequent exploration, environmental and feasibility studies, third party purchase interest, price of gold, etc.
Given that I'm the consuming end of my investing career, I intend to sell half my holdings @ $2.50 to recover my cost and ride the rest well above $5.00. From my examination of their antecedents, I don't believe F&M will develop this mine as they will probably look for a suitable buyer.
My humble speculation.