Post by
traxbyweb on Jan 16, 2014 9:26am
Dump is done hopefully
According to SEDAR posting on Jan 6, director had 926,000 shares left to sell through venture exchange. The last 2 days saw those shares sold off. Onward and upward. Bought some myself as I still see lots of upside. 3.34 copper price with 1.70 all in cost and over 15 million pounds of copper annually to be produced, expect news to move into mining gold everything is falling into place for a real good 2014. IMO a share price north of 30 cents by end of year and rising into 2015 is not unimaginable. Sorry for the pump but its been many years to get to this point for this company and I sure hope the next few quarters go well.
Keys going forward
Lower cash costs below 1.70 - this should happen based on current copper production
Copper stays north of 3 dollars - again copper inventories are being depleted should be substainable
Company gets debt in good standing and pays off a big chunk this year - again with current cash flow should be an easy fix.
No meltdown of the global economy!!!
Announce plans for mining gold.