Cross Lake Minerals CRN Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Cross Lake Minerals CRN

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: geoff s. who wrote (863)	12/15/1997 8:41:00 PM
From: the Chief	Read Replies (1) of 3650

Geoff, thats real pessimistic!! I still stick with $1.40-45 as the bottom in this cycle. With returning support at $1.50. The only thing that scares me now is if this "massive sulphide" turns out to be a copper play, then were talkin your basic dud. The world doesn't need another copper play right now,unless its HUGE,(5 billion tons or greater@ 1% or greater) The price the market will pay for even a large discovery is about 1/5 of what it was 3 months ago. ie. International Curator (IC) has about 740,000,000 tons @ 1% which works out to "Billions of Tons" of copper, in Mexico. They can't sell it. They put it up for sale awhile ago. There stock was at $5.40 andhas since fell back to below $2.00!!!!! Copper has fallen from $1.14 to $.81 during the same time. So everone should pray they don't start only hitting COPPER!!!!If thats what this play is about, then .70 could be there !! My opinion only !!! the Chief

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next