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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: louel who wrote (10217)	5/5/2016 1:39:24 PM
From: dsikorsk	Read Replies (1) \| Respond to of 10654

You still in TCM Lou? Looks like Q1 results were pretty dismal again and the share price is tanking...always liked Mt. Milligan and used to own TRX til they got bought out. I've always wanted to get back into owning a piece of Milligan but have avoided TCM due to the bankruptcy risk. If they manage to navigate their way through this shitty market I think the reward could easily be 10-30x your money if you get in close to the bottom...at the same time their debt load is quite high and the shares could be wiped out if they default. I've been watching PVG since Zijin mining got in for $6.30 CAD (same company that took 10% of IVN for $1.36 CAD, and subsequently half of the Kamoa Deposit for $414M USD). Following their purchases seems to be a good course as they seem to be picking up deposits on the cheap all over the planet. I'd probably look to get in around $6 CAD (so like $4.50ish US?) if it ever get's that low again. I might even wait til it breaks that support. I ended up taking a large position in IVN instead as they were trading at around 50% of what Zijin paid vs PVG trading at 100-150%. Still thinking IVN is the best deal around when considering cash on hand, debt and assets. I'd buy more now but I'll likely wait til the next correction down into the 80's or lower. I should probably diversify but I'm always looking for a better deal (tough to beat buying cash at a discount).