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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (1377)12/4/1999 4:09:00 PM
From: Claude Cormier  Respond to of 1996
 
Hello Marcos,

Well it takes a lot today to move a stock...especially when you are going after a porphyry copper deposit.. Rio Tinto just drop MMG despite some very encouraging drill holes of 400m of .6 or .7% copper or so. Metallica also had some good numbers...the stock initially reacted very positively, but fail to stay up.

The problem with copper is the inventory levels....at this stage of the economic expansion...base metal prices should be much higher..which make me doubt that we will see above $1 in this cycle.
And at US$.78 copper... try to develop an economic copper deposit..

So I don't know if they can find something to move the stock big time... This legal thing with the BC gov...certainly offers potential ..but the problem here is when ?

Are you watching the play on Latitude... LTU.V Drill results next week... there is a lot of anticipation on this one.