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Nice, its seems most are bullish on minerals and metals going forward the next couple of years. And those forecasts are in a weak world economy. Here's something to think about....
For every .01 increase in copper prices, it increases our annual (350 day) profit by $500k+; or .10 equals $5m; or $1 equals $52m w no increase in overhead costs... and if other credit metals follow pricing trends, that would obviously add too. Talk about leveraging....!! And to think that the company's pro formas use $3 as their projected per lb copper price...yeohsey!!
jtf
Patience my friend...we are VERY, VERY close now to receiving $$...
jtf
Yeah, maybe they lit a match... just because they didn't pay some of their bills doesn't mean the project is invalid and they won't. IMO, if they get the LT financing they will pay ALL outstanding legitimate bills...
Check this out
http://en.wikipedia.org/wiki/Bixbite
Approx 25 miles from Milford.....now wouldn't that be interesting if.......!! IMO, I believe the WUCC area has plantium
jtf
You wouldn't be looking for some Morganite or Bixbite would we?? Not to far away from our mine....!! Maybe some up by Delta too?
jtf
...hopefully to take $$$ to the bank!!
Seriously, a note to all longs out there....we are in a very serious stock fight w mm's, daytraders and shorts. I found out there are some very, very big companies (Nite Equity, Automated Trading, Vert) that are ruthless in shorting pinks to their dimise...especially if the company doesn't deliver on its biz plan/product. And they don't stop even after companies get operational....they have hundreds of traders that will do almost anything to make it move to their favor....Don't be surprised if our stock trades flat or lower over the summer. IMO we will come out on top but we need the stock in friendly hands. We also need rev's, profits and a dividend. Fully reporting and AMEX would help too. So hang in there LT investors.
I "wonder" if we're close on financing.... :)
jtf
RDG, ok w me.
Sorry, didn't have my dynamite, front loader and dump truck with me...
And to think these are laying around everywhere...makes one wonder whats underneath!! Longs, its just a matter of time (2-3 months)
Are you bored yet??!! Ok, ok, one more
another...
another pic of a very "important" one!!!
another of the last pic...
and another... I think this one was the bornite, covellite, cuprite they talked about in pr last week.
and another...
and another...
And another...
Rock's anyone?? Here are a few pic's of the rock samples from WUCC/CPRK.
Copper, gold, silver etc (and oil obviously) all up today!! Copper over $4 a lb. ST on the way, finish plant and start production and this stock will move but not until then imo.
jtf
Yes indeed, hopefully many more veins!!! I have a rock sample of the type announced plus others...I'll take some pic's and post them next week. BTW, money will come....time to finish the plant and get into production. FWIW, I picked up some more shares last week.
jtf
Since 2004, they have raised approx $40m in capital which was spent on mill, equipment and admin. Over the past 2 years or so they have raised money through private placements and restricted stock sales of approx $400k per month. Thats how.
jtf
I'm telling ya, this area of Utah is stock full of minerals and metals. I've walked several mines and the veins are everywhere!!! Wait until we dig down 100' or so; cha-ching... and the other metals are there too!!! The old mining that took place over the past 200 years got the low hanging fruit. Now its our turn!!
jtf
This will be a 24/7 350 day a year operation at full production according to mgt. Winter will not stop operations.
jtf
Here's another article about iron ore which we now will be processing due to investment in Magnatite Mill....$5m+ projected rev per year for WUCC/CPRK...
http://online.wsj.com/article/SB121424361764297209.html
jtf
I think we're in the right stock / industry going forward.....
http://online.wsj.com/article/SB121417122844695013.html
These type of articles are everywhere....
jtf
You're welcome!! And here's to an awesome weekend but I have a feeling the next week or so will be even better!!! What-da-ya think....aren't we due for a PR??!! Perhaps some ST cash with no dilution would be nice!! I hope...! .07 is history...imo
Have a good one...
jtf
Ally, can I just say you're brilliant??!! Here it is:
http://www.nelsok.com/video/cprk_blast_video
jtf
RDG, its an actual clip not a link. BTW, on old pics, imo I think some should stay (excavation etc.) but not duplicate the same kind of pics. i.e. only need 1 pic of old ball mill not 4. Hope that helps...btw, things could not be better at the mill!!!
jtf.
Pic of blast cloud at Hidden Treasure site.
Another lab pic....
Ally (or anyone) do you know how to post a video clip? I have a 10 second video of a blast at site.
jtf
Pic of inside the lab; This piece of equipment is VERY expensive $20K+
Correction. Last pic was of 2 ball mills w engines and the far mill is the maganite mill.
A new pic of all 3 ball mills w engines. Notice the yellow beam at the top of the pic. New overhead crane system.
El, ok.
BTW, I will have some more new pics from recent visit to send you.
jtf
Eye, i would agree w your "price assessments". Here's my analysis based on company info and my intrepretation of the data. BTW, I'm really focusing in on fundamentals; not so much speculative hope although its obviously there to some degree. Anyway, here's my take (IMO):
Company has confirmed they can process 5,000 tons of material a day.
Company has confirmed "high" copper content in excess of 1%; maybe even as high as 1.5%+.
Company has confirmed that "credit" metals such as gold, silver, moly, tungstun etc will provide revenues to pay for all operating expenses of mill.
Company has installed magnitite mill for extraction of iron from ore that will increase revenue $5-$10m.
Based on these factors here is the revenue / profit pro forma:
Full Production of ore / revenue (2009)
5000 tons = 10,000,000 lbs of ore per day
10,000,000 lbs of ore @ .0125% ave grade = 125,000 lbs of copper per day
125,000 lbs of copper @ $3.50 = $437,500 per day
$437,500 per day for 300 days a year = $131,250,000 Gross Profit
$131,250,000 less 35% taxes = $85,312,500 Net Profit
(remember other credit metals pay for overhead etc plus iron magnatite mill will add $5-$10m in revenues)
Projected stock price
$85,312,500 / 1,800,000,000 shrs outstanding = .0474 eps
.0474 eps multiplied by P/E of 20 = .95 per shr
.0474 eps multiplied by P/E of 25 = $1.19 per shr
This doesn't account for increased investment/production in the mill over time and doesn't reflect any dividends which, imo, will be paid to investors and should inherently raise the value of the stock. Also, what if they go 24/7?? What if CU goes to $4 which is predicted (and other metal prices increase)?? (yes, i realize prices could go other way, too)
What if they "find" the mother lode that they believe is there...What if BIG company/country comes a callin'....
Just some numbers for everyone to chew over...
I don't think we'll see these prices for much longer...
One last comment; when the stock ran to .39 in Feb I bet everyone looked back and said, wow, if I'd only picked up some shares at .05, .10, .15, .20...well here we are again and the company is much better today and company people are VERY excited!!
jtf
Eye, could you please run through your analysis on a .32 stock price and est. time frame? I respecfully think you're on the low, low side. Maybe .32 short term but I have calculated a price 3+ times yours. I'll post mine a little later.
TIA,
jtf
Zippidee-dew-da, you might be right but i don't believe he has enough to make a difference...(million or so??). At any rate, WB please sell to someone who cares and so we can be rid of you once and for all!!
On another "note", can we all sing together "Short Term Financing" to the tune of Kum-ba-ya in a few days??!!
jtf