Hi, you said copper is your specialty... whats your take on Copper mountain CUM valuation right now? i mean i think they pull out 45,000 Tonnes per month/week/day? and they are being devalued every day. I know its linked to China and their awesome banking system and how the future of metals will play out over there, but where can you see this stock going in the near and long term future? Is copper at a low right now?
Thank you Mirz
There's no doubt we'll get the permits. Election year. So there's extra b/s
I'm going to be out there June 28th. See how their Turkish counterpart is doing.
I'm buying now. As it dips down. 2000 share clips. Need the volume
I'll let you know after June 28th.
I don't visit all that much but ran through your posts. I don't see a problem with your posts, although you can be arrogant but given all that has been thrown at you.
Whatever. I agree on the price targets being kicked around (yes it would be nice to see some numbers to back up the prices) and the issue of the options and warrants bites. A tough one to project with silver volatility. The biz case for $33 per oz is different than 27-28 per oz - a 10% hit on their forward output.
So you are looking around a 4X run. Not bad - but about 4X the current oz output which if Lenic's 6.4M oz estimate comes around there is your 4X - sans the 10% due to the oz haircut and the options and warrants. 3X works in 12-24 months for me all things considered. (Naturally, we would all be happy with more and throw QE3 into the mix and 5X or more could be there.
News tomorrow. We will see. i want to hear more about Lenic's comment about contamination. Hopefully some assay results tomorrow on just how "bad" the contamination is. .
It is only the quarterly reports that are unaudited. The Yearly Statement was audited by PricewaterhouseCooper LLP. http://www.aurcana.com/i/pdf/2011-Q4-FS.pdf page 2
This state of affairs is by no means uncommon, for example Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA)recently released unaudited quarterly earnings. First Quarter 2012 Highlights (unaudited)http://finance.yahoo.com/news/pan-american-silver-increases-quarterly-020100731.html