Gold Canyon Resources Inc V.GCU

Reasonable CAPEX

[dsark]

In the day and age when majors are shooting for returns , a CAPEX of $438 M with 15% contingency ($372M) is very good!  Now the only question is how is GCU going to raise ~$400 M.

[Nilsson1]

They are not going to, Springpole will be sold.

[scoutaz2003]

It may be sold....and it may not be.   If Akiko and the REE partners can come to a deal, they may fund the mine themselves for gold to be delivered in the future.   That is a low risk venture for any financier....

[booyaaca]

if the pea is so good why are we down?? maybe this has something to do with it.. " Risks associated with the project include as follows:   Permitting associated with the project could be longer than anticipated; Construction management and cost containment during development of the project; Significant decrease in metal prices prior to production." Other than that I don't

[Geospot]

We've got a $1 billion NPV at current gold prices. That's an expectation beater for sure. Absolutely no sense to these markets (or lack of a market) for the moment. What we need now is a buyout offer with the project significantly de-risked by this PEA. In the meantime, they planned ahead on the drilling so they can proceed to pre-feas using almost all of these ounces, which will save many

[godisgr81]

The risk that was described in the PEA applies to any mining company. So, we aren't moving just because I believe we met expectations and no surprise to the upside. One important news to come out from this PEA is that now, management can get a deal in place for the silver royalty stream. I think we should hear news on this very shortly.

[Geospot]

Actually, I'm hearing this was a surprise to the upside. It may take time for a market reaction. Interesting idea on the silver stream.

[booyaaca]

"So, we aren't moving just because I believe we met expectations and no surprise to the upside" So what does this mean then? I thought this was going to be the catalyst that would drive the price up? Again something does not make any sense here

[booyaaca]

 “I lose no sleep knowing (Gold Canyon’s) Springpole will be 10 million ounces,”,  Quinton Hennigh I wonder how he is sleeping now days..... BRUTAL!!!!!!  

[green24]

I agree about the markets making no sense.  However, I believe that the buy or rumor, sell on news adage holds true here.  This stock has a direction and will follow it for a while now.   Good luck to all who are still holding after today.

[Schill]

We had a huge volume of 250k shares or less than 125k C$ per day. Sell the news... Notice for the braindead posters here: attention irony.

[Schill]

  if the pea is so good why are we down?? maybe this has something to do with it.. And when an explorer is reporting +100 high grade grammeters and the shareprice drops, you idiots believe it was bad news, too...