Quote:
Originally Posted by highfive
down 500 points, I think it's more than just a few drinks...lol
I am in CUU for the long term. I buy 1000-5000 shares every time I have extra cash on hand on every dip.
Ever since the RE came out, ppl was just finding excuses to sell the stock. If you think about it, the higher grades in the RE should give us a higher NPV of Schaft Creek. The payback period of the investment should be much lower leading to an increase of NPV of the asset.
Lets hope we get some kind of bounce back tomorrow.
|
i've been doing the same with my spare money on dips lol, in the long run it will pay off but to day trade this isn't as great because if the low volume and the MM of venture stocks lol.
I agree with you on the RE, we used the conservative numbers from the 2007 pfs which are dramatically lower than what we have now. I believe it was ~650$ for gold and 2.5$ for copper? and now gold is 1550+ and 4$+ for copper. I know this is the price for producers and what we have is in the ground but we are getting to the point where production may be within arms.
the NPV will be dramatically higher once adjust the gold, copper, silver, moly prices. Also, keep in mind the last RE didn't state the silver amount because we didn't do it according to amec or something. So that will be a nice increase in the BFS.