RE:RE:RE:Where's The Chief? I always find interesting reading, to read people that do not understand the markets. There are phases a stock goes through to reach the end goal of Production, one of them is permits, another is Spec phase.
Spec phase got us to .425 I had a target of 52c so it reached 80% of my target. It could have reached higher had we not entered the next phase which was Permits. Whether it could have reached 52 is debateable and thats what its a "Target/prediction" based on data at the time.
Once you enter the Permit phase you no longer reflect spec pricing because reality of Politics hits. However the value is inherent but the risk changes.
We went from a Spec risk of not having enough graphite to a Spec risk associated with a Permit. Permits are tangible items whereas Speculation is not.
My impression of the Permit phase was based on what I knew. What I knew was the project would be literally Environmentally Neutral, it would create employment and it would contribute to the world reducing the CO2 issue. Those impressions have not changed. What has changed is politics. Somehow we ended up with a bunch of quacks running GSLR. Why do I say "quacks"? Well they are masquerading themselves as environmentalists when they are in fact NIMBY's (Not in My BackYard")
For instance they demanded a new water study be done in Court (the judge refused). Why? There have been 3 studies already, 2 conducted by GSLR under the previous council and of course CCBs.
The amusing thing about this water study issue, is that CCB has proven that there is no water below Miller, other than enough to possibly feed one home and the water is Class 3 which is not drinkable.
So, the issue is not the environment like the GSLR 60 odd people insist. Its really NIMBY.
So what does CCB have to offer? Well we have no traceable metals in our graphite or Marble, which makes any tailings non acidic, which means we cannot affect any water, period. Which is about as environmentally neutral as you can get. We are operating in a shallow part of the hill/mountain which creates a natural berm for noise and its not visible from highway 50.
The project is small because the extraction was limited to 499 tonnes per day max because that was what we could handle. Thats a small mine permit, not a large mine.
The new council decided that they had a mandate to stop the mine, even though there were no candidates that were 100% pro mine running. The Candidates that were running including the new mayor made numerous comments on negotiating with CCB for a better Enviro Approach. But as per normal as soon as elected they refused to talk to CCB and immediately did everything they could to stop the project.
Which is fine because in doing so they ignored due process, and ignored the rules of law. So they were sued and for good reason IMHO. It is one thing to consult, evaluate, and then determine that you do not want a mine. Its entirely another to suggest poison wells, sludge rolling down the mountain side and numerous other things to get yourself elected. Then, ignore facts and sabatoge (CCBs word not mine) the project.
So, our share price reflects the uncertainty and associated risk created by this Council. However, the inherent value attached to the graphite and marble remains. The Graphite is the purest graphite on the planet and has proven to be the lowest Boron Content on the planet which makes it ideally suited for Pebble Bed Reactors and other high end uses.
The Marble's salt and pepper appearance makes it unique amung marbles for structural use. So the inherent value remains.
So, what do I expect to occur? One of two things, we will get a big check and a permit or CCB will negotiate the permit. Why do I expect that to occur?
Several reasons, many have to do with the Law. Many have to do with the conduct of individuals who posioned the waters of social acceptablitity in GSLR and many have to do with the conduct of individuals within the Quebec Provincial Governments own operations.
So, the stock is sitting at 8c
The inherent value of the stock is 60c had we been progressing unimpeded to a permit
The projected value of the stock based on a permit that was forth coming is 90c (value of the marble contract NET BACK x multiple of 10
The projected value with an addition of a Graphite Permit is $1.80-$2.20
So the inherent value is established, what is not established is Damages created by numerous levels of the Governments and the delay on the permit and its damages.
Now for the simpleton trolls that do not understand how the market works, you can find numerous examples of where inherent value is superceded by risk during the permit phase in First Nations objections, or numerous other problems created by advocacy groups.
If you check their stock price and evaluate risk vs inherent value, none are trading anywhere near their inherent value all trade at risk levels.
JDavis17 wrote:
thadeush wrote: The Chief didn't pump, he told it like it is, and CCB doesn't need a pumper - it's got the goods. .
You should change your alias to 'douche bag'.
Hahahahahahahahahahahahahahahahahaha