I believe the share price will hold well at this level considering OCJ has been and still is a long term accumulator. Goldcorp is a 'dinosaur' and slow in its decision making. For that reason, it is a win-win situation for CJO whatever GC decides. If they pull out because this project is too small for them, we will be free from a slow and cumbersome partner. If they decide to participate, it will greatly enhance the project value in the public eyes-- not that it is not already a great project at present. Personally, I think if they decide to be involved, they will pay CJO out. It is not good corporate image for a top good mining company to be a junior partner.
CJO Price at posting:
9.3¢ Sentiment: LT Buy Disclosure: Held