I think that the fundimental problem , one that is besetting most mineral commodity shares at present , is that their finacial JORC has been done at the height of the recent commodity cycle where as in hind sight they should have used a 5 year running average of pricing, if that had been the case with CCU one would have seen that that price of silver was more in the nature of $7-$9.00 / oz and the business model would have been taylored to that figure. It may not have got off the ground with those figures but never the less would have saved S Hers their hard earned investment money. At the height of the commodity cycle of silver when we were running at I think over $40.00/oz I said I would hedge at that price but was shot down for my posting but in hindsight that would have been prudent. JORCing at the top of any commodity cycle is a very risky business, easy to be right in hindsight !! hmm!.
CCU Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
