Looks like Teck and Copper Fox Metals reached a decision for the year's program. Last year was not fully completed compounding the issue of how to make best headway. Now we see a re-examination of the very expensive Report CUU paid for. They want to refine the findings! Hey, we all were pretty sure the deposit extended beyond the pit design so the proof came as no surprise.
I snicker to myself because it sure looks like the deposit goes under the mountain too. Two years ago there were encouraging findings suggesting the deposit goes right through the mountain. If this turns out to be the case then Teck has an interesting problem. How to get at it?
A couple of year back CUU had a 3d drawing showing what appeared to be a root for the main deposit. So it may turn out that Teck has to explore deeper. They could find a deposit on a deposit. When they do find this it will result in one gigantic hole. That would give them a place to put the mountain material 30 years from now. That's a major cost savings despite being so far off that you can't really calculate it. However, it would be a very good incentive to go ahead with a mine.
Told you so! Yes, an insider freed up some shares. Just keep an eye on the bid ask spread. No one lets them go too cheap. When someone needs cash they impact the price but it rebounds. The small retails just don't sell. Go try by some today and see what happens. So if you missed the boat at 10 cents give yourself a kick. This isn't a trading stock. They have diddly squat for shares out there.
Someone asked if the rebound was due to some impending news. Ah, nooo, just some tax shuffling that dropped the price. Will news come? Ah, yesss. I can't see this sitting on the shelf beyond 2015. By then the sp should be up around 80 cents and climbing. Of course, a deal could derail my projections. If that happens some of us will be seriously laughing. All the way to the bank.
In the last few years I've fully reviewed a very large score of projects. The list of valid Jrs is strikingly small. Surprisingly, many of the other companies are still able to attract money. They problem with them is they don't have the geology. That means there are still investors who are playing poker. Well, I prefer chess. I don't like betting on people. I do like betting on geology, location and economics.