RE:RE:Rose colored glasses
I am in the same boat as Bravohit. I bought a much higher price. Therefore I will stay regrettably long. If my entry price had been closer to todays valuation there is no question which direction I would go. There are far better/safer returns elsewhere. However, as has been pointed out, accurately I believe, there is a potential upside here. Copper prices are forecasted to rise. The company is proceeding with draining the Springer pit of tailings material which will allow them to resume mining the quality ore (good grade/low oxide) that should be minable by 2019. Hopefully copper prices have achieved the highs predicted by then. Red Chris mine should have improved their recoveries by then, with the addition of more flotation cells and the ore should be considerably cleaner as they get deeper into the pit. I guess long story short.... There are probably sunny days ahead. It would be nice to have the company respecting its investors by providing more consistent information. Sure appreciate the discussion on this board and everyones input. It seems to be the only way we can find out where this horse is headed. Happy investing....