SI
SI
discoversearch

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 : Copper Fox
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Theotokos who wrote (8828)12/21/2014 8:55:33 PM
From: explorationguy3 Recommendations

Recommended By
dsikorsk
Gordy Sez
Theotokos

  Read Replies (1) of 10654
 
Good questions. Had to re-think why I would buy more. I have been averaging down as I think Teck will file the EA in 2015 and that could be a liquidity event for some if their average is low enough. If this was just a copper play then we would be many years away but the gold must have been what drew Teck to SC. While the " buy when others are fearful" applies right now there's risk Teck won't reveal their plans soon. I think we will have our answer by the end of March. We will know by then if they booked any SC reserves, what type of work plan they intend for 2015 and maybe some indication where they intend to go with SC. Filing the EA maintains a schedule option and won't require a capital decision for a year, which gives time to see if the fundamentals have improved enough. That's my thinking anyways. I've spent too much time on CUU and not enough on developing other opportunities.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News