Considerations for a solid share price support:- * New professional management team * Corporate slimline with dual listings * Recent presentations have generated intense enquiries from fund mgrs from Canada, Aust and Asia. * Current big daily purchases look like coming from the fund managers. * Reminder to the investment community--Flagship project of Couer De Alene, largest silver producer in the world, is Palmarejo site in Mexico, originally developed by Bolnisi whose chairman was Norm Seckold. He is now involved with CJO. I understand the re-marketing of CJO has raised this awareness once more. He is a low profile successful miner. I think he must have reckoned Namiquipa has the possibility of becoming another "Palmarejo." Otherwise, I do not think he will waste his time and effort. * Goldcorp has not formally rejected Cerro De Gallo gold project. They are waiting for the feasibilty report too. * The scoping studies for CDG used the prices of $15/oz and $900/oz for silver and gold respectively. With the current improved prices, the payback period for the capital outlay is within a year. * Copper price has gone up so much,would it be a surprise if it becomes feasible to develop the whole mine? After all, it has 1.4B lb of copper. The GFC has killed of the initial plan to raise about $300m to develop the whole mine. It may not be such a problem now.
CJO Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
