They will submit the SEIS next year and hopefully get approval. Once approved, they can start Phase I which will take 2-3 years. They have a lot of experience building adits as they just did it for the Troy mine where there was a cave in. I would expect they could build the adit therefore in a lower time frame, like 2 years. They may even choose to have one central crusher between the Troy and Rock Creek mine as they are only about 20 miles apart.
Essentially the company is priced as if all their reserves are worthless. I just can't believe that to be the case. Once approved, They will probably get further investments from companies like SLW or other streamers or outright bought by the likes of a CDE.
It would help tremendously if the price of silver and copper moved up from here. Insiders own a ton of shares. Do your DD and wait for a good entry point. You can be patient here. I don't see any major news before March at the earliest.
BTW- You realize spanspur and billy are both FOS, right?
yep, those posts at the low in 2009 are still there. In fact, I was the only person posting on the board. Nice research billy, thanks for proving what a great and gutsy call that was.
It was 1:5 and that was in 2010. I wasn't in the stock then. But nice try. the cave in was 2 years ago almost exactly to the day. I got in a few months later after the stock crashed. If I knew silver prices would go down 50% since then I wouldn't have bought
What's your excuse for losing 75% of WG that you were telling everyone to buy at $16 like you did?
my 2,000 shares are believable. Your 500,000 share claim is not.
Anyone that would buy more than a few K shares of this junk is crazy. Buy it, sit, sell on a P&D spike, repeat
I bought it under $11 bud. I know how to take profits, unlike you. I had 24K shares so the dividends over 20 months were substantial. My first sell point was $22.50, my last was $25.20
This is the second time I had a big score on CLCT. The first time was $4-$18. I'll buy again under $20 at some point
BTW- You bought WG at $10 right before it tumbled to $4. Nice job. Good thing you are a 100 share investor
It's a silver/copper miner you genius, not gold. Their reserves are in the top 20 of all world mines. 2 mines. One is in development stage. the other is operating but was temporarily closed due to a cave in and is in the process of re-opening.
The money I have in that is less than 2 years of CLCT dividends I collected (you know, the investment that billy said was terrible)
I invested after the cave in. SLW owns almost 20% of the company. They can easily raise more funds if needed. Insiders have bought massive amounts of stock (unlike CDTI)
If silver/copper move higher, it will take off. If not, like all miners it will struggle. As such it is a hedge against the market.
so your defense of your great stock picking is that I said to buy CLCT at $19 and you said it was a terrible investment even though it paid 6% dividend. It went to almost $26 (up over 30% + dividend), I said to sell, now at $20+. This somehow shows you are a better picker than me, how?
If anything, I made 2 great calls and you made 2 bad ones. Story of your life, Bad call after bad call.
spanspur must have sold his 100 investment and is now in Dump mode
I don't know who the bigger loser is, spanspur or billy
My 12 year CAGR is almost 30% according to Fidelity
You are the worlds worst investor. $16 in WG, $2.75 here. Not a single winner
so why should the rest of the country support you deadbeats with food stamps and welfare? Maybe the US should sell Montana to another country that will develop the resources. Same with Alaska.
we all know you were buying near $3. Stop lying. Now we know you are spanspur
You got crushed in WG at $16 and now crushed here. You don't have a single winner. Pathetic actually. this is my best year since 1999