Re: Strong support at this level
in response to
by
posted on
Aug 14, 2014 06:55PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Sorry to disappoint. I don't think there is a "who". Fact is only 100k of shares are traded per day and nobody is buying into the junior market. CUU is not the only one "at this level".
We need the money to come back into metals (or commodities). There are no interests from any big investors in the metals and the juniors. That's why so many "analysts" are saying end of the year or 2015/2016 is when the market should be coming back. When money gets moved out of other sectors and into metals.