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Yes, but the fact remains if CPRK does consider privatization, it has to retire/buy back shares which would increase the PPS (either through free market value or an offering; either way its going up). I think the better discussion should be, if 'they' want to take it private, its probably a good bet that 'they' think its way undervalued at current levels (in a big way).... Anyway, I don't think its going to happen....jmo
jtf
IMO, no.
jtf
Its my understanding that Frisco was the largest silver mine in the world in the 1890's. I was told CPRK has an option on the property.
jtf
I don't know; just quiet lately... my guess is good. Maybe LTF finally?? Maybe settlement of lienholders?? Maybe new investors coming in??
jtf
Great observation, and as I recall each time those events happend the pps did go up; huge percentages as I remember. Ask those who traded in and out during those events what they think of CPRK. There's no doubt that CPRK has had its challenges...many in fact (both positive and negative) but this stock still hasn't played out... I think somethings up...jmo.
jtf
BB, could you please list all the lies you're talking about? TIA
jtf
Yes, but mainly the investigation is focused of prior insiders/advisors of CPRK before merger (WB etc; I know for a fact). It wouldn't surprise me if SEC found some non-compliance, admin issues that need to be addressed w post merger CPRK. Tell me a start up that hasn't had issues to deal with...
Yes, and that should apply for both sides...
Chpt 11 is only one possible scenerio; there are others that might come through....
jtf
Web, just curious, what would you have done to raise capital? And invest it in a state of the art mill and equipment? which by the way creates value...???
The local representative is Dennis Stowell. My understanding is he knows the project well and is a supporter.
jtf
Legal posturing, imo.
I believe the company can pay for LT financing. Assume its $60m at 12% for 30 years, the payment would be $7.4m a year; very do-able IF cprk can reached est reves of $50 - $100m
jtf
3F, I opened an account and they will trade new transactions, but don't send them a stock cert; it was rejected.
jtf
Congrats!! Not me; still down 50%... :( but still a loyal believer (ABIG is that code for pumper??)
FWIW, here's some stuff to chew on (IMO):
1. Approx 500 tons of con on the ground
2. Con production is approx 20-25 tons a day (what I've heard)
2. Mill dialed in (better) and will be ramping up (PR)
3. 1 truck load a day (approx 25 tons is what i've heard)
4. Approx value of $75k per truck load
5. Gold content in con is off the charts (rumor)
6. Smelter is preparing to receive/accept con??
7. Creditor activity is legal posturing; they must like PR
8. Mag production doubling... thats gotta be good!!
9. Cash flow neutral with 1 truck per day
10. Awaiting full production as to fill 10 railcars (minimum)
I'm sure there's more...
jtf
Gee, just maybe something has to be scheduled before its actually shipped...??/ just maybe??? Man its fun to see ya wiggle on this one...
What I've heard is what is known already; sure, we need LT but won't get it until we show consistant, re-occuring revenues from production/con (i've always thought that). I believe all the past/current potential LT deal(s) were/are real but lets face the facts and the situation we are in, especially in the lending environment we have; very, very challenging to pull off. I'm very hopeful a ST/LT combo deal can still happen. The rest(foreclosure, lawsuits etc) is serious but re-ocurring rev's solve alot of the those problems....along w possibility of chapter 11 to put creditors on notice. jmo
jtf
Latest aerial picture of the Hidden Treasure mine pit (sept 9, 2009):
jtf
Huge, proven copper, gold and silver deposit. Est. pro-forma revenues of $60-70m+ w potential profits of $25m+. If achieved, EPS could be .005 -.02 ...optimum word..IF!! They haven't yet. But are in start up production now. They also have some serious issues to deal with: lienholders, royalty lawsuits, SEC inquiries, low on cash, stock structure... but IMO i believe they are fighters and will get through to full operations and profitability.
jtf
Simply, .0096 w a possibility of going to .03 in the next few months...imo.
jtf
Thank you!!! I was just going to make that point.
jtf
My understanding is 1 ton of con is worth approx $2000. I'm not sure if that includes the other metals credit though.
jtf
Well, I'm not an expert on the subject, but IMO they just might have cashflow soon and, as I understand it, a COURT determines what happens to the assets etc; its not a stampeed of creditors raiding the place/assets. Also, the creditors can potentually get less in BK 11...they do want to tread carefully as has been mentioned. If a realistic plan were presented to a judge, showing repayment based on a viable business venture, it will justify restructuring...
jtf
No, imo.
jtf
PW, I would agree that financials are very important but we all know WUCC/CPRK's financials stink right now because they HAVEN'T been in production.... big difference. Lets see how the financials look after getting into full production...and what they can return to shareholders...jmo
jtf
JMO, here's my answers to your questions:
yes
jtf
Gee lets see... how bout to pay for expenses...?? just a guess...
F, imo, that hasn't happened....
jtf
I was told 'yes' at a recent visit...
jtf
IMO, I've heard that is far into the future plans; the SX-EW is the next step which maybe got confused as a 'smelter'.
jtf
Yerington, NV to be specific on 'from where' ....
jtf
Well said, my friend and fellow golfer...
jtf
IMO, mag shipped; con still accumulating for shippment in the next week or so.
jtf
Its not that I agree or disagree w your numbers; they are impressive w much thought. I have my own spreadsheet too. I was just passing along some info I had received. One bit of info that all should agree on is we are really, really close now after many months (years in my case) of waiting.
jtf.
As an FYI, I was told that 1 ton of concentrate is approx worth $1900- $2100. Simplified, but I hope this helps.
jtf
Lex, I respectfully disagree. I posted a link to an article on mining valuations and it basically said that a fair valuation of metals in the ground is approx 5-10% of value if proven/appraised. However, that being said, the pps doesn't reflect that yet...or maybe it does. $40m market cap w $50m in debt; $500m - $1B MIG. The pps is reflecting something extra other than mill value. jmo
jtf
WEb, you really should be ashamed of yourself... you KNOW for a fact that con is being produced...
jtf
Yes, and thats why I said in my post that what its called officially... but WEB ask your "contact" down there.. but maybe he didn't know how it went down...
jtf
Yes, thats what I'm saying... but I thought you knew that?? GEE ABIGHAM, just call the company sometime and maybe you'd really learn all kinds of things that are going on down there rather than guessing..
jtf