Re: Too many are under water here
in response to
by
posted on
Sep 23, 2012 11:41AM
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%)
Let's not forget your pumping of BGM as well (see your posts below). You're entangled in that mess. Good luck with it.
You're right. I don't hold a candle to you when it comes to knowledge of geology. I have admitted it before and I'll admit it again.
But my B.S. detector works really well. You push it into the red.
posted on Jun 30, 12 12:05AM
I see they had a huge spike this afternoon. We could sure use a lft like that. Nice to see the sp rally today. Makes me think Monday is going to take off too. I'm not surprised by BGM. They have long deserved a rally since it took forever to get the enviro. I think we are also about to get a boost for similar reasons minus a huge institutional boost. We'll get ours just from the market recognizing all the reasons why Canada is the place to invest and in particular CUU is the stock to own. We have less gold but we are not 1 dimensional. I'd tell you what I think we'll look like by next Friday but I don't think people will believe it.
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posted on Jul 26, 12 06:49PM
I also spoke to BGM. They are standing behind their data. I also believe there's no way they could fake the data. That would be years of fakery. So I'm staying put and will buy more as time goes on. Do I think this is over yet? NOOO, they will get raked hard over the coals. But even if the resource drops by half the company is still going to make fist fulls. As for Brent Cook. I don't think his statements were accurate and may have been on purpose. 1.7 million shares short? I've followed the drilling core by core. Yes, the stringers are thin so no, you can't selectively drill for them. Were the results capped? According to the company, YES. Did the report leave room for question? Yes. Was the methodology the right one? Perhaps. So maybe they have to alter the report to a less optimistic outlook, I'm fine with that. I've seen the gold and changing the number doesn't make it go away. I think we can make out like bandits after some more pain. I'm also not in deep enough that this would hurt but I'm thinking of increasing my stake. Worst case is the stock bottoms to 20 cents. If that happened I would take a huge risk. That would be just plain nuts. They are below the cash value right now. Production kicks in in about a month. 2-3 weeks from now the full report goes out. I asked them to publish something fairly comprehensive but not the whole document as those can be in the thousands of pages. They will do just that. Last, I find it hard to believe that Norman would come on board to commit fraud. The BoD is pretty robust and he just adds cred to it.
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