Sales by insiders non-existentJust looked at SEDI to see if any of the insiders were selling into this rally... No trades in November GMT was a net buyer in October... Waterton has maxed out its allowed ownership purchases and has not been selling... I would think at some point GMT would sell to balance its funds unless its analysis is still saying HBM is under valued... Waterton indicated they saw the stock under valued four years ago so I think they are in it for the long haul to $20...
Rosemount would definitely be the icing on the cake but with all the regional opportunities around their Peru operations growth can definitely come from the drill bit and with the potential increase in Milling Peru could by itself replace a lot of the lost copper opportunity from Rosemount.
The Peru grades at the Constancia mine has fallen to 0.28% per ton, PAMPACANCHA (0.6% per ton) feed will bring it up for the next five years to about 125,000 tons by mixing it... BUT the regional opportunity to find higher grades by the drill bit will be a game changer all by itself.
Rosemount deferral will also allow Hudbay to accumulate cash to keep the property ownership 100% Hudbay... But let's say the Rosemount appeal fails... The Mason property is waiting and with a cash war chest they could flip their focus to that property...
And do not forget about the Lalor gold mine lots of upside in the existing mines to increase its gold profile
GLTA