re: News: Cobar Consolidated Video "People wi...
The reason people are not falling over themselves YET, is because we are not in production and producing cash flow.
It is close but historically we need a good quarterly showing the millions rolling in and low cost of production.
If CCU hits 65c I will be buying hand over fist. When we have production, $1 is a no brainer. We are not using new technology and the ore is well defined. Risks are quite low.
As they say, down side is now minimal (low of 50s or 60s depending on the overall market)but upside is unlimited ($1 or $2) or maybe more with new discoveries. So you could loose 10-20% short term but the upside potential is 200% or 300%+.
If the markets tank then view this as a buying opportunity.
CCU Price at posting:
69.9¢ Sentiment: Buy Disclosure: Held
