CJO 0.00% 13.0¢ cerro resources nl

price support

  1. 187 Posts.
    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.
 
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