Key takeaways after the PEA
As we know, there are many mines out there that never reach the point of production for various reasons. I think we can say with a great deal of confidence this one is moving ahead. Also it looks like he's still on track for scheduled production ahead of the other juniors. As long as he can stick to those dates, CNC will land the early contracts and take a huge jump forward. Generally i would say it looks like a pretty good PEA considering the lower grade operation. Mark Selby is going to continue to target cost cutting. His intentions have focused on that since day one. That's the way he's going to increase the bottom line. The problem now is the proof has to be in the pudding. You can talk large scale, but unless the numbers are there, i don't believe we're going to get much price appreciation. However with all those additional properties, I think they're going to prove it and I just have a sneaky suspicion the grades on some of the properties are going to surprise to the upside. Now all we need is for the price of nickel to get going and we should start to see the next leg up... I'm sure someone will ask him on tomorrow's conference call, what's happening with the MOU. The thing with that MOU is not just the cost benefits, but i believe as discussed here often, Glencore potentially becomes an acquirer some time in the future and a lot of people are betting on that. That speculation is going to help drive the price higher. GLTA.