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Originally Posted by SiRV
Note of caution though: I recall the CUU execs purchasing a LOT of shares with the dips back several years ago...Those still have yet to pay off
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indeed. I would like to believe insiders know better than we do. Mining is in the perfect storm right now. At current levels I would not go near exploration companies when I can buy near term production. Why pay for the company to.explore and drill out the resource when I can buy proven reserves for the same price.
I'm looking at bear creek mining, Augusta resources, Nevada copper.
If you're going to look at exploration companies, make sure theyrr sitting on a large cash position. I would hate for them to do a round of financing at current pricing to dillute me. Look at new pacific metals -30m in the bank. True gold mining. Also, the.revscene love 'can'has been jettisoned and the company has.brought in the old red black mining people to run it. CN had previously raised a massive financing so theyrr sitting on a large cash position.
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