Post by
babymines on Feb 23, 2023 5:53pm
Metals
One would hope that when the metal prices increase so would the value of mining stocks? The is one glaring problem, Cumo is not in a position to capitalize on the price. Cumo is not a producing mine and it willl never be a producing mine while owned by Cumo. It might be sold to a real mining company that can produce something. When mining companies look at purchasing a multi-billion dollar resource, they look at the data, then they look at how the data was produced, then they look at the quailfied person. Is the data correct, well it has been revised several times down, are the decisions that were made by the management sound? You can put up new quailified directors, but the underlying science may still be junk.
Comment by
silverbaronalbe on Feb 24, 2023 10:24am
Right Cumo not a producing mine - however the metals prices show the value of the resource. The data and science are not junk because all were checked and vetted before the company by the Vancouver Exchange before the company could be relisted - everything was vetted including financials and complaints sbout fraud etc.
Comment by
tennispro on Feb 27, 2023 10:53am
Nothing happening with the company. No reason to speculate
Comment by
stallion12 on Mar 23, 2023 5:20pm
you don't need to be a producing mine to make money good drill results and expectations of prefeasability can drive price up to 25 dollars a share before being a producing mine norther dynasty went from 30 cents to 12 dollars in six months on the way to over 20 dollars a share never did become a producer