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Gold/Mining/Energy : Copper Fox
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To: cpac who wrote (10479)8/29/2017 9:08:53 PM
From: explorationguy   of 10654
 
We've seen a number of these spikes over the last 4 years with no news and they fade away. Need to see a ramping up of volume and price over the next week to indicate some good news is coming. If the outcome from the resource modeling is a redo on the RE then the rally will fade. If they have agreed on the RE number and are negotiating a price for SC then that won't be good news with such a low VWAP. In that case we could expect a stock price in the low 20 cent range if a 1.5 multiplier on the VWAP is applied. If Teck announces they accept the RE number and are still working on a development plan then that would be a good outcome. Needless to say my expectation level is low after 4 years of Teck keeping this project on the back burner. Sometimes I'd like to send Elmer and EE a video of Dr. Phil saying " What were you thinking?".
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