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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Mr. Aloha who wrote (52912)11/14/2007 10:45:46 PM
From: marcos  Read Replies (1) of 78404
 
ccu.to - two green days in a row, it's not dead yet, could be just a d.c.b. but i'm thinking of adding a very few anyway ... current average just under .16 probably, started too early at .18 then didn't get in a dime bid in time ... have you checked out the debenture ccu.db, i see some offered at 60, have no idea whether they'd be a good idea, but expect they're classed as creditors who are way ahead of shareholders in the lineup on b.k. proceedings, so maybe a decent risk/reward balance

There is so much we don't know about it ... how is the leaching going exactly, whether the cold will knock it back below positive cash flow point ... how much cash do they have today exactly and what is burn rate ... but it does sound like a JV coming doesn't it - i doubt a loan because why would you loan these guys money when you could get a piece of the action cheap ... assuming it's a viable mine, but if it isn't you wouldn't loan them anything either ... the other properties have considerable value too, it is said, need cash to develop them though so they're not likely to do Cancellation Copper much good in the near future
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