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: sense who wrote (9101)1/15/2015 9:15:29 PM
From: explorationguy5 Recommendations

Recommended By
dsikorsk
minder
radagast
Tap66
Theotokos

  Read Replies (2) of 10654
 
Can you explain what value it is that you perceive here that I and others are
missing ?
The metal defined in the FS has an intrinsic value that can be estimated by comparison with recent buyouts at the same stage of development. My estimate suggests that we are currently undervalued relative to my price model and I expect it will stay that way until Teck makes a clear indication about the future of SC. CUU handed over the keys to their destiny when they signed the JV, which only promises(according to the website) to " further explore and/or develop the Schaft Creek project ". There are plenty of examples of companies with deposits at the FS stage and less market cap then CUU, likely because the metal will have little market value until someone presents a plan to extract it from the ground. In the year and a half since the JV was signed we have been given no sign from Teck about their plans to do anything with SC, which I think explains the current share price. The market is risking the metal's intrinsic value against the uncertainty of Teck proceeding with development. There are at least two ways Teck could signal this project is on their radar. One is to book some reserves and another would be an announcement that they intend to file the EA once the scope of the project has been redefined in the optimization work. However, time and money are running out for CUU so they need a resolution on SC this year. The trade here, as I see it, is the likelihood Teck will send a positive signal on the project. The two possibilities I've suggested will not cost them any significant capital and in no way commit them to a production decision. It is the only opportunity I see with this stock and I expect I will have an answer by the end of March. At that point Teck will have released their revised reserves report and we will have whatever news is released from the next two JV meetings.
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