So where do we get first hand info these days? Think what you want about Jason but he is closer to this project/company than any of us and he seemed to communicate quite effectively with Mantical about what we might expect. I think Mantical did one of the best jobs so far in probing CUU for a range of prices that we can book-end our SP projections.
Vette's blog has a lot of great stuff on it about CUU. I think what we are missing is that the overall market for deposits has dropped as the Jr's are starved of capital into submission. Have a look at Bell Copper with an operating mine. While we enjoy the patronage of EE, other's aren't so lucky and lower the whole benchmark for how deposits might be bought and sold. Yes, our project has lots of pluses but our market cap and share structure is not affording a fire sale deal for firms like Teck while there are plenty of fire sales out there. That part is missing from Vette's blog thru no fault of his.
As for one piece of the CUU property? After our flacid exploration programme last year we really don't have that much real info to add to what we knew in late 2011 (i.e. Discovery zone). For some reason, CUU really sat on its hands last year with showing any more potential with our property to potential buyers (no titan work, only 5 holes drilled, Mira talked down). Maybe value is there, maybe it isn't. But does it command some kind of big premium with what we know and given the situations with Jr's described above? I equate the other zones/property to be about equal to Paget's in terms of potential (given what we know); have a look at where it is at right now. Distribute Paget's market cap across our share structure.
The reason that I and a good deal of others are 'getting the jitterbugs' is our SP is dropping and the number of catalysts and lever points seem to be diminishing (drilling, 120 days, 4 yr clause and a FS that seems to be underwhelming the market) while CUU IR is letting the air out of $3+ buyout projections. Those all seem to be very real to me, not second hand.
