This graph shows a fairly good correlation between the price of silver and CCU, even in the run-up towards production. The big players have almost micro managed this stock according to their valuation model on a DCF basis, which was discussed earlier. Proven production, exploration upside, and of course the pos will see this move higher in a controlled manner, one would imagine. Let’s first recapture the all-time high of 118c this year and with the help of proven, steady production and a gale force silver price sail on higher ……….
CCU Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held