They are fully funded and plan to pour by the end of this year. They plan 2.5 million ounces of production annually which would put them in the top 15 in the world. A significant class producer!!! They have around 200 million shares on issue and have a healthy sophisticated investor share holding. Very tightly held stock. Currently 84 cents. Plenty of up-side potential to increase resource in a great mining area. They plan to extract silver at about 7 dollars an ounce (lead credits taken into account). Around 10 dollars if lead credits not taken into account. They have a near surface deposit with a low strip ratio. If silver price continues to be strong this year CCU should be a significant mover.
Debt ceiling in US will be raised. More easing being talked about by US Fed which means it will most likely happen. Recent run in precious metals in the past week is probably by sophisticated investors getting in early as usual based on information the common folk are not privy to. I can see Gold 2000 this year and silver 70 before a significant retracement (bull market intact though). If this pans out as such CCU will benefit tremendously if they can make first pour in December.
Only a matter of time now before the gold/silver stocks surge and catch up to their physical counterparts. NCM is starting to show bullish signs.
