Post by
javaman12 on May 14, 2024 7:29pm
Is The Volume Of Shares Now Trading, Signalling A New Trend?
With the recent commodity price move, it's only a matter of time, before our Copper Lake shares, start to move higher! Those buying the miners have started this trend!
To be clear, our share price consolidation process has taken a lot longer, than I had hoped!
This most sudden move higher in the commodity sector, may have taken many investors by surprise! So many have now hurriedly bought back into the miners! Their shares have dramatically risen!
The trickle down effect in the exploration space always takes more time to work itself out.
Yet as we have seen in the last couple of days, the volume of CPL shares traded has significantly increased! Some new players may be trying to get, heavily positioned!
One might think that a buyer could be a motivated miner looking for the cheapest of good acquisitions.
But at this price point, it hardly matters! Anyone in the retail sector, can still afford to buy, lots of these shares!
Personally, I picked up another 60,000 shares on Monday. I still can't resist this low ball, 2 cent price!
There can only be so many shares up for sale! And many motivated investors, now seem to be buying.
So if this volume of trading continues unabated, then these shares, should start their move!
Last weekend, I did some quick calculations about what might be the dollar value of the historical Billington, near surface deposit.
If I am correct, it would appear that this potential open pit mineral resource is already worth, almost 650 million dollars US and is still growing in value!
That would be a really good entry point for any miner to get started digging!
Copper, zinc, gold and silver, they're all going up and so very quickly!
This historical resource (re-drill tested by CPL management with a couple of holes for confirmation) is near surface with little ground stripping left to do (about 70 meters at most)!
This property is located very near rail transportation! So only the digging is needed! No mill, needs to be built!
And any miner could easily re-bridge a river!
Or with a little extra coaxing, a motivated government could spend, a few more, additional dollars!
The Ontario government is bragging about all of its foreign EV investment!
A few extra bucks wisely spent on a bridge re-fitting plan would only put more shine on the boots of a premier!
And Doug Ford does like to smile for the camera! He is quite photogenic, when he pretends to be Liberal!
Liberals do like to spend!
Below any open pit, any additional resources, will become the cornerstone of any future Marshall Lake mine! And that positve development is well underway! The most recent drilling campaign has provided some, very good clues!
More exact data will follow, shortly. These most sought after, lab assays, will be coming in very soon!
The Billington deposit is already known to be rich at its very top with silver!
Why would it be, any less well endowed, further down below?
As is often the case with almost any VMS deposition, silver is often found, deposited with the zinc. Gold is more often found, more firmly entrenched, with the copper!
Whatever the case, any precious metal exposure will only add value to this property's draw!
It is a large one where many more VMS occurrences are already known to exist!
Many locations have had little exploration. Those that have been historically explored have only been, at the most, very shallowly drilled!
At Marshall Lake, the very best of its resources, may well lie, at its deeper depths!
I may be a lone wolf poster. But I am not the only one buying these shares and into this story!
Do your own due dilligence. I've done mine!
All the best! Java