MXX has dropped on minimal turnover and some BOT trading. I did sell some oppies the other day when I thought I could reinvest in something with good short term return potential and in light of the market volatility.
If CUO does continue to drop, then it definitely does hurt the asset backing of MXX, but anyone with more than a very short investment horizon would be holding onto both (I still hold a reasonable number of MXXO).
I did notice in the CUO presentation that the full production throughput was stated as being achieved in October ie. a period of ramp up. In addition the pictures in the presentation made the project look half complete ie. the SXEW building had virtually no roof. I hope the pictures are at least 3-4 weeks old otherwise the SXEW circuit could hardly be operable by now.
I intend to call the company again on Monday to check on this aspect. I will report my findings.
Regards
DF
CUO
copperco limited
