I Continue To Pester Management! Am I Wrong To Do So?This is my main perspective now with copper prices over $5 dollars per pound: accumulate as many CPL shares as possible!
I am buying as many as I can afford, but like many people, there are still many other bills to pay!
Copper Lake Resources already has a significant historical deposit at Marshall Lake that has at least in part has been confirmed by recent drilling to be an accurate confirmation of the Billington historical record. This is enough basic information to start to draw some more significant market interest in our direction. It remains an important valuable asset that could be mined as an open pit resource! For any potential hard rock mine, that is most important knowledge for any investor to have!
If nothing else, with the rapidly increasing commodity pricing that is happening now, the knowledge that the Marshall Lake project is a growing one and every new drill hole seems now to discover more, should be enough to help advance our cause! (That build-up conductor zone might be found to be dud but like the Deed's Island target, it had to be drilled! Perhhaps, it is past time for the company to start a better exploration program in a more westerly direction! The property does extend well into that direction! Why remain so anally fixated on finding some significant resources located under a lake? That sounds an expensive and perhaps wasteful proposition to me! A couple of perhaps wasted drill holes now suggest to me that it is time to look somewhere else!)
Sentiment alone should eventually drive our share price higher, even if our shares will be playing catch-up with the overall market. And let's face it, some of the available copper plays out there are really much lessor ones which offer very little potential to their shareholders in the shorter run at least (and unlike CPL they are not garnering any significant volume of trades at all)!
High tonnage low grade copper oxide exploration deposits are presently lapping up most of the present financial investor enthusiasm. But I do believe that our Marshall Lake hard rock project with the higher grades and mucn lower tonnage will finally convince the market to also look our way!
If a mine or just a crusher and enclosure are eventually built here, it will be a much cheaper overall mining project to build! Those huge low grade high tonnage mining and milling operations now cost money in the billions of dollar figures! They take many years to completely construct and that is the main reason that so much major mining M&A activity is now going on all around us in the market place! (Think Anglo-American but I digress a little! CPL is still a potentially small scale operation depending upon what the company later discovers here! Sure it could be a bigger operation if more VMS discoveries are made. Think about discovering multi-ple, similarly sized deposits, feeding a more centralized mill!)
It is amazing to me that many investors have not already decide to massively accumulate here instead of choosing, perhaps unwisely, to sell out of their positions, when the company is trading so very cheaply!
When these shares do start their run, it will be much too late to get that much better position started by buying, when the price is now so inviting to the wise!
However the fear of missing out elsewhere is always a strong inducement to sell at what is probably the worst time to do so!
I continue to pester management with my awkward questions! But we shareholders do need to get some answers and perhaps need some more convincing that they haven't been holding back any pertinent information from sharehnolders that they could otherwise legally share with them!
They should never hide any of the truth! Complete transparency is absolutely necessary with these exploration plays now that the competition for investors and capital, seems so fierce!
The company may now be looking for more cash if a private placement discussion is presently underway! But with the recent drilling success, this should prove much easier to now obtain! I don't think that the last one was completely successful and the final tranche was at least in part, filled by company insiders!
Anyway I had some time on this longer weekend to play around with some of my time! So I did!
Here's was what I said to them (Don't laugh as I expect no response from them. But it was fun just to ask!):
"...Just a few words of encouragement and some very pertinent questions! I understand that you have some reluctance to directly respond to shareholder's requests for additional information. However, now that copper prices are now over 5 dollars US per pound, it strikes me as a bit odd that our shares have not met the investment community's criteria as a viable investment. CPL shares have done nothing lately while other explorers with equally advanced prospects, have moved sharply higher in price! It is apparent to most that hard rock mining in Canada is a more expensive proposition than the mining of copper containing oxides in the American mid west or in regions of Africa like Namibia where low grade but high tonnage bulk mining is the norm. Yet Copper Lake Resources has a very high value asset (the Billington stringer zone) which seems to me to be representative of a good mining project with considerable open pit potential! Am I wrong about this? Isn't the stripping depth at this zone only about 70 meters? Why hasn't the company emphasized this point in any recent press release? With the almost everyday increasing prices of commodities that the Marshall Lake project contains in terms of copper, zinc, and silver our shares price should be just taking off! My estimate of the value of the insitu assets at the Billington zone is about 650 million US dollars! That's even more in Canadian dollars! I realize that this is an historical resource estimate of about 2 million tonnes of combined metal. Are you telling me that this is not a commercial amount to mine?
That is what you have implied in your recent press release! You stated that you were more "hopeful" now that the Marshall Lake property is coming closer to a commercial possibility. The market apparently didn't react well to a statement like that! Your press release mentions that the company is encouraged that it may be closer to locating a nearby VMS deposit. But haven't you already found it? Isn't this conductor a good part of the larger picture or do you still believe that this conductor is only an extension of the higher up stringer zone plates that you have already drilled? Is this a stringer or not? You also mentioned that further drilling is certainly warranted. That is a perfectly obvious statement to make. Any shareholder could have said that much! But where and when will the next drilling program begin? Do you need to receive the lab assays to next determine about where to drill? Where is the geophysical results that you apparently have sat on for some time now already?
Are you out of funds now and need to make another private placement? That could be understandable to the investment community!
What are the prospects of getting better ground access to the Marshall Lake property now that the Ontario government has decommissioned the two bridges that apparently provided the only ground access to the site? Certainly that news must have caught much of the investment community interested in this property off guard and may also be partially responsible for all of the recent selling that we have had. Did the decommissioning of these two bridges entail the complete dismantling of their structures? If not and they could be repaired, what would it cost to do so and would the Ontario government be convinced to do so if you approached them to fulfil such a need. Both levels of government are now make grandiose announcements about all their EV development plans! Have you even approached either levels of government about such a funding request?
What about MT conductor #2? Doesn't this seem a likely candidate for an equally valuable drilling hole result? Why haven't you addressed this possibility yet?
Where is the photo of your VP of exploration on your company website? Is he camera shy or is he horribly disfigured? It is absurd that you have not pasted a photo of the guy on your web page.
All of these kind of issues are important matters for any potential investor to understand. And to date, your press releases have done little to advance your company's prospects with the market!
As underground mining is an expensive proposition, just how much tonnage of a properly mineralized ore body do you need to find here for a commercial operation to be a successful endeavour?
The nearby past projects that were historically mined were really not really that large in tonnage. Were they? Were those mines only open pit or were they also underground operations? Do you even know?
Try to think more like a potential investor rather than simply a geological explorer whose main interest may only be in the keeping of a lucrative job!
I am not trying to be hyper critical but it is most obvious to me that with respect to CPL's Marshall property, most of the investment community is not paying even the slightest attention to CPL but are instead looking elsewhere for any significant future returns!
This must change and it is up to your management team to make this happen! From my perspective, I can't understand why your company hasn't addressed these kinds of issues already!
So our share price is likely to continue to stagnate until you do so or until the lab assays discover some most significant widths of copper, silver and zinc.
There was no mention in the latest drilling results of any visible silver mineralization in the drilling results prior to the lab assays having been done. Is it possible that silver may be found in altered zones containing zinc but are not visible to the naked eye?
Billington contained significant amounts of silver deposition so it strikes me strange that the underground continuity zones would not also contain some significant amounts.
What about your joint venture partner? Are they contributing even one dime to the exploration costs now? If not, why haven't they been diluted in ownership already? When will this likely happen? Is it fair to all shareholders if they are unlikely to make such a financial commitment?
There are many good questions that could be asked that your shareholders would like to have answered. It would be better for your company to be a lot more transparent in answering them if you want to gain the most respect from most of the investment community!
That's all I have to say for now. I don't expect any direct response from you. You have made it clear to me already that you have no intention of doing so which is greatly disrespectful! You have your own reasons for not doing so! Perhaps they are good ones of a more legal nature. But give me a break, don't tell your shareholders that you will get back to them very soon! What nonsense is this? That makes you appear stupid and arrogant! This is unbelievable !
So it would be in the best interest of all parties if you would address at least some of these issues in a future press release! Press releases don't need to be short in length but they do need to be more comprehensive and informative! Never try to hide any of the truth or investors will suspect that something is wrong!
I am remaining invested for the time having much greater expectations than apparently management has! I have have accumulated a modest 1.5 million shares but really can't afford the loss of selling out at 2 cents or less! The commodity sector is on fire but Copper Lake Resources is not!
I have given you both barrels of my critical gun but I do encourage you to continue to find creative solutions to continue to advance the exploration potential of the Marshall Lake property! You have already done so with your use of helicopter transport of more advanced drilling equipment! Well done in that regard! Continue in the making of such good decisions or our company will continue to flounder!"
I have shared this matter with you folks on Stockhouse. Perhaps I overdid it or exagerated my concern a bit too much? You be the judge of that!
But who cares? Clearly the company can't or won't answer all or most of my queries and may not even have the time or patience to do so! They have never responded to me before! And who really knows what discussions are going on behind the scene! They will not inform about that either and perhaps they shouldn't or legally can't? Remember also that this is a joint venture operation and both parties must be presently involved in every important strategic decision!
But why not maximize my interest by sharing my time and effort with all present day shareholders and any prospective future investors who may today be making tons of money elsewhere, but will later return here to pick up that final financial reward that Copper Lake Resources will later offer to them!
As long as these shares remain at 2 cents and the copper price is now priced over 5 dollars US and climbing, it would be best to just keep on buying if you can still afford to do so!
Just my 2 cents worth, once again! LOL
And I do understand that making money or losing it is a very serious matter!
Good luck with all of that too!
All the best, Java