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I believe that's one reason the boardmarks continue to climb here even with the price down. This is a perfect time to buy this stock IMHO.
Of course I'd like to see this progres faster, but still no red flags. I believe in this company more than I did when I first bought in October 2010.
Looking forward to 2012.
Very nice.. I just looked and saw who is pumping it today. Glad you got in early.
Assay results?
I'm sure everyone is wondering why the delay in issuing the assay results. Not a clue. Maybe market conditions again?
As far as a non-event. It may be for us small type investors. I'm hoping it helps in securing larger investors as they move into phase II of their exploration program.
kinda sucks after being here all this time to seeing someone picking up shares at .125 - (Wish that was me) - Hope this is bottom. I may try to pick up a few more after the holidays to average down...
Would expect the company to have found investors to load up at these low prices. Especially with $10 Billion in assets.
I guess we wait for production for any real spike in price. Of course this is a long ways off... Always a possibility of being bought out as they progess with their business plan.
.06 x .18 now.
Sounds very promising. I wouldn't doubt this is an option CNYC has thought of. Maybe they have all ready had conversations with foreign investors... If not, I think it is a damn good idea to do so.
Chinese Investors Seek Strategic Long-Term Investment in Junior Miners
November 7, 2011
By Karan Kumar
More and more junior miners in North America are reaching out to private Chinese investors for money. And Chinese investors, who have funded many mining and resource-sector deals in Asia and Africa - where they are known as the new imperialists - are keen to take a strategic stake in junior miners in Canada, Australia and the United States.
"What I can say is that junior miners are flooding to China in an effort to raise money," said Jamon Rahn, vice-president of Emerging Asia Capital, a Hong Kong-based boutique investment firm that connects foreign junior miners with Chinese capital. "However the typical Toronto fundraising strategy does not work in Beijing."
Despite differences in language and culture and business strategy, Moly Mines(ASX:MOL,TSX:MOL) and Copper Strike(ASX: CSE) are two companies who attracted Chinese capital this year to fund operations. Moly Mines obtained financing through state-owned enterprises (SOEs) and Copper Strike through private Chinese investors.
Copper Strike raised $5.822 million in a placement agreement with Jintai Yuanchuang Mining Co. Ltd and Taifeng Yuanchuang International Development Limited, who bought 32.3 million shares shares at 18 cents each for a 19.99 percent percent stake in the company. Moly Mines got loans totaling nearly $500 million from China Development Bank Corp. for the construction of its Spinifex Ridge molybdenum and copper project in Western Australia. The deal includes a $465 million syndicated loan and a $35 million working capital loan. Moly Mines was advised by Hanlong Mining Investment Pty Ltd, which invests in mining companies and is a subsidiary of Sichuan Hanlong.
"In Toronto, you issue a term sheet and then fill it out by the end of the week with the usual suspects and these are typical hedge funds looking for a set return and then they are out of the stock," Rahn said. "Chinese investors, both SOEs and privates, take a very strategic and technical approach to their investments. They are in it for the the long haul."
Rahn explained that firms such as China United Mining Fund, Sinom Holdings and Hanlong are examples of Chinese investors who are looking for strategic investments and long-term deals.
"These are the privates that are quite active on a market level but with strategic motives,” he said, adding that Canadian miners looking for Chinese money need to establish local representation.
“China deals are very hands on and it is not something well managed from a Toronto desk. All documents need to be in Mandarin. This makes sure the true investment and technical case is communicated to the Chinese investor. For any of our clients, we produce China-focused presentations and mandarin technical summary documents. We work with leading Chinese geologists to provide a desktop review of the projects using Chinese geological standards and benchmarks. We find Chinese investors feel more comfortable with foreign projects once a Chinese geologist has vetted it." Rahn stated.
Chinese investments in Canadian junior miners are set to increase, Rahn said. "Our business has doubled in the last six months due to the current market situation. More junior miners with good projects realize that the key to success is finding a good strategic Chinese partner that can aid in eventual engineering, procurement and construction (EPC) requirements, funding, and debt financing."
While there are no statistics yet on how many investments Chinese investors have made in junior miners abroad, Rahn said his company is working on an index to track such deals. The index is expected to be ready in the first quarter of 2012.
Most of the deals happening in the private space and in the junior mining space are in the $5 million to $50 million range, Rahn said. Just four years ago, most Chinese entrepreneurs or privately-owned mining companies would not touch a junior miner or overseas exploration project because of the risk. But attitudes have changed as consolidation in the industry has forced Chinese investors to look abroad for opportunities, the Financial Times reported earlier this year. While deals done by Chinese SOEs make the headlines, smaller deals by private Chinese investors are rising in number, with three to four deals happening in the private space a year.
Privately-owned Sichuan Taifeng, for example, completed deals with four ASX-listed junior miners in the $20m-$50m range last year. More recently, the Chengdu-based conglomerate headed by a Chinese property tycoon, invested $49 million in Australia-based iron ore producer IMX Resources.
http://resourceinvestingnews.com/25769-chinese-investors-seek-strategic-long-term-investment-in-junior-miners.html
A good read when you click on "Junior Mining Stock Talk" towards the bottom of the article in the link you provided...
Edit - I see you posted the piece I was referring to. Thanks
Investing In Junior Mining Companies
Part I of an Interview with Marshall Auerback
By Kevin Michael Grace
"We want to know they can make money when copper’s at two bucks, as well as when it’s at four bucks."
http://resourceclips.com/2010/12/23/investing-in-junior-mining-companies/
Q: Wouldn’t you say that given the consolidation with the TSX and the NI 43-101 protocols, the mining business in Canada is no longer the Wild West we once associated with the Vancouver Stock Exchange?
A: I think that’s true. There’s been a serious effort to make the exchanges much more compliant with conventional regulation. We don’t think Vancouver is the cowboy market it used to be, but we think it still has an extremely valuable role in helping to develop a lot of these small caps. We think the consolidation with the TSX has helped. In the aftermath of Bre-X there was a sense you have to tighten this thing up. I can tell you from the people we deal with, there are so many more compliance forms you have to fill in and regulatory hurdles than there used to be, and that’s not a bad thing. It’s definitely changed for the better. There’s still maybe the odd fraud lurking out there—there is in any business—but it’s come miles from where it was 15, 20 or 30 years ago
That's exactly what I thought as I was reading the article.
Quality Investing Junior Mining Stocks
Many juniors at this point are greatly undervalued, while others don't deserve the valuations they have. If you are looking for bargains at this point, it is important to sift through the myriad of companies and find the quality plays.
In real estate they say that SUCCESS all boils down to LOCATION, LOCATION, LOCATION. And if you ask anyone who has been an experienced and successful real estate investor, they will confirm that statement to be true.
To succeed in junior mining stock investing, it all boils down to MANAGEMENT, MANAGEMENT, MANAGEMENT.
As a newsletter writer on junior mining stocks, I am constantly trying to find early stage companies that have the formula for success. The most important and biggest part of that formula is by far MANAGEMENT. In fact the longer I am involved with the junior mining sector, the more I believe that MANAGEMENT is practically everything.
While there are other points that you must understand to be successful, the attributes and experience of a proven management team is what you should trust in most. This of course discounts the fact that a bright new upcoming management team could acquire success in this field. But the odds still highly favor those who have already been there.
The Odds Are Against You
The first thing you need to understand is that the odds are against you. The statistical reality is that very few of the 3000 or so junior mining companies vying for your investor dollars will ever succeed.
Junior exploration companies are high risk scenarios that are fraught with constant challenges. If you go out and randomly invest in companies based on marketing literature and sales hype, your foray into junior mining stock investing will be very short-lived.
The facts are that only 6% of all working geologists will ever be credited with a discovery that goes onto becoming an economic producing mine. That means that 94% of all geologists will work their entire careers and never find such a mine. True mine finders seem to have a sixth sense that allows them to unlock the geological puzzles of certain properties.
Investors need to do their due diligence by scrutinizing the people behind the company. What you are looking for is an experienced management team that has had success in the past exploring for the mineral(s) they are hoping to find.
How much background does this group have in doing this? Are they really qualified? If they have little or no experience then you should probably say, NEXT! You may have to evaluate quite a few companies before you get to one that is worthy of your investment dollars. I typically evaluate up to 20 or 30 companies a month, searching for just the right combination of circumstances that I feel could lead to success, before recommending a company in my
newsletter.
The typical junior mining company puts together a team of players and a package of hopeful properties. If they tell their story well they can probably go out and raise a few rounds of financing convincing some investors that the chances of success are real. They basically have no assets to speak of, but control some highly speculative land packages they tell you contain some great "anomalies" they would like to drill.
And don't be surprised that so many want in on a game that can be so profitable, especially when the market is hot. A market that is having money thrown at it attracts many companies that have no intention of ever finding an economic mine, but who are simply trying to get a short-term profit before investors figure out the scam.
The bottom line statistical reality is that very few will succeed. You need to have this understanding clearly in you mind before you set out to invest your hard earned money.
Another important fundamental to watch closely as you are evaluating companies is their share structure, and your entry price. You would like to be able to invest in a company in the earliest stages when you can get your shares at a low price, before the crowd comes in. In general terms, I like to invest when I see that the number of shares outstanding is very low, fewer than 30 million and the share price is under $1.00. Private placements, if you are in a position to do so, can be an excellent way to participate in early stage companies because you are buying the shares at a discount to market and you get a warrant. This greatly increases your upside leverage if the stock does well, and protects your downside risk since you bought at the right level. Once the public finds out about a particular good company the share price can rise quickly leaving later investors with large downside risk as markets tend to have corrections. Later investors, who overpaid for a stock, often have to endure painful correction periods before the story of the company completely unfolds, and they are in a position to profit. Buying into a good company in the earliest stages is fundamental to your success. If you miss a certain company you wanted to invest in, have no worry, another opportunity will come along shortly. I always like to make the analogy that investing in junior mining stocks is like waiting at a bus station. The buses come and go all the time. You need to be choosey as to which buses you are willing to get on.
Some buses are simply better than others. You want the best quality bus you can find. I often like to ride a bus that already has some economic resource that is outlined. In other words, most junior exploration companies are starting from scratch hoping to find something. A good quality junior company may already have an existing resource of some sort that they are trying to expand. This kind of situation represents better quality and less risk than someone who has no resource and is just drilling holes to make a discovery. Your odds greatly increase in your favor if you invest in companies that already have an existing economic resource.
Another sign of a quality company is their ability to raise money. This again reflects back to our earlier statement emphasizing MANAGEMENT. Do they have a team in place that has the connections to raise the money? How, when, and the frequency they raise money is extremely important as well.
Junior exploration firms have a lifeline as long as they can raise money. Hopefully, they meet with some early success so that they can raise additional monies to continue on their quest for a discovery. A company that is not doing what it said it was going to do will quickly lose investor interest and have great difficulty raising additional monies to move their agenda forward. This brings up an additional point that also represents a quality play. Can the company get bigger players with deeper pockets to invest in their properties? This model is known as the joint-venture model and can be a very successful strategy greatly increasing you odds of success. If the company truly has a good property (anomaly) then one of the majors would be interested in putting some of their own money up to drill the project off. If a major is willing to invest, then maybe you should too. This is usually a good sign that you have a quality property.
A junior mining company that is self-financing, while rare, often represents exceptional opportunity and value since they no longer need to go back to the finance trough to raise additional funds. This stops the constant shareholder dilution that takes place with most juniors as they need to keep raising more and more money. There are good junior exploration firms out there that have cash flow to fund their activities. Right now in my newsletter I have two such recommendations that I believe are incredible values. This type of arrangement in a junior would be highly favorable to the other types of financing mentioned above, and would also increase your likelihood of success.
Lastly, you want to look for a company that knows how to market itself. A company that is having success can fail to get the proper appreciation of share price if they don't let the marketplace know what they have. With all the difficulty in finding a successful economic resource, you don't want to fail because the company does not know how to market itself.
As you can see most of the items I have mentioned above all point back to the quality of the management team, thus my emphasis upfront on MANAGEMENT! It takes a very talented group of experienced people to make a discovery and bring it to fruition for shareholder appreciation. This ability to put everything together in a cost efficient model is only seen in a handful of junior mining professionals.
Hopefully as you look to invest your money in the junior mining sector you will remember keep these points in mind.
As always, use Wealth Wire as your reference for the most up-to-date information on the commodity market.
Sincerely,
Contributing editor Luke Burgess and Research Staff
How to Find and Evaluate Junior Mining
Companies for Investment Purposes
by Rick Langer
Management
While research reports, analyst recommendations and online newsletters are great sources of information and invest-ment ideas, the single most important consideration when evaluating a junior mining company is management.
From an investment perspective, a good management team can make the difference between owning a stake in a successful mining company or having a worthless stock certificate. Good management can ensure that a company survives in bad times and excels in good times. Successful mining entre-preneurs surround themselves with the right people and have a clear vision of how to run and grow their companies. This vision should include ambitious but achievable goals. These milestones provide a good way for both management and investors to monitor a company’s progress. If a company has missed its targets without good reason, investors should re-evaluate their investment.
A clear vision is exceptionally important. Management has to know, from the outset, how to proceed and accomplish its stated goals. One-on-one meetings and conversations with senior members of management are the best ways to learn, understand and get to know their philosophy and methods. After all, shareholders own these companies. Every president of a successful public company is different in his or her approach, management style and a whole slew of other tangible and intangible characteristics.
We feel that some common characteristics and traits of successful mining entrepreneurs include perseverance (bullheadedness to the point of bankruptcy), unwavering belief in their theories and risk taking.
Past experience, knowledge and specific expertise are of great importance. Quite often, senior professionals from global mining companies leave their employers, after decades of dedicated service, to start up a new venture. They are often successful, but sometimes lack the experience and know-how to run a small exploration company with a limited budget. Their biggest downfall is usually their lack of a public presence and the ability to raise funds. Some very successful mining companies have started as a combination of established mining groups creating the right combination of circumstances to attract these senior mining professionals.
Good management, because of its inherent nature and reputation, will gravitate to the better and more prospective mining properties. Through past experience, management will know fairly well where and what to look for in mining properties. Prospectors, small miners and property owners will be more willing to sell and joint venture good properties with known and capable mining entrepreneurs.
An investor’s evaluation has to include percentage of current shareholdings and options held by senior management. Senior officers and directors should have a significant stake in the company. High salary levels should be commensurate with performance and ability to raise capital. Insider trading reports provide a good way to keep track of shareholdings.
http://magazine.mining.com/issues/1003/Vol03-02-HowToFindAndEvaluateJnrMiningCompaniesForInvestment-06-07.pdf
Junior miners major players on TSX Venture Exchange
Christine Dobby Nov 8, 2011 – 3:19 PM ET
The combined market capitalization of the TSX-V’s top 100 junior mining companies ballooned to $20.6-billion in the 12 months ending June 30, a 62% increase from $12.7-billion one year earlier, according to a report from PricewaterhouseCoopers LLP.
Market capitalization is on the rise, the Junior Mine 2011 report suggests, with 36 companies in the top 100 having total outstanding shares worth more than $200-million this year, triple the 12 in that position in 2010.
But the report, released Tuesday, also cautions that volatility is the new normal and notes that since June, the total market cap for the top five junior miners listed on the TSX Venture Exchange has dropped 38%.
“Market volatility is not just a fleeting trend, it is the new business as usual for juniors and more intense than ever,” says John Gravelle, Canadian mining leader for PwC.
“Stability is prevented by fluctuations in currency, the current pace and reliability of earnings growth, aggravated political environments and sovereign debt issues across the globe,” he adds.
Copper Fox Minerals, which topped the list this year, had a market cap of $790-million, while Advanced Explorations Inc., which came in at 100, had a market cap of $81-million.
Positioning on the top 100 list is also volatile, with only 45 mining companies from 2010's list remaining on the list this year.
Plus Copper Fox’s market cap is $476-million less than last year’s top miner San Gold Corp.
The report suggests that larger mining companies are outsourcing their exploration activity and investing more money in acquiring companies currently engaged in exploration, which could benefit junior miners.
Exploration companies accounted for 58 of the top 100 mining companies on the TSX-V and the mining sector in general makes up 57% of the exchange’s market cap, the report says.
http://business.financialpost.com/2011/11/08/junior-miners-major-players-on-tsx-venture-exchange/
Maybe someday Canyon Copper Corp will have a similar success story to the one below...
Game Plan...
Hathor: A B.C. Mining Success Story
Tony Wanless - October 6, 2011
How junior mining company Hathor bagged the big one.
Vancouver has become a global focal point for junior mining exploration companies aiming to discover the next big one, no matter where it might be. This, in turn, has generated hundreds of local mineral exploration businesses. ?However, finding a significant mineral deposit and taking it from discovery to production is ?extremely complex and involves many tiers of expertise. Most of these ambitious juniors disappear before they ever get near the motherlode. ?Still, one Vancouver-based junior has combined people, skills and assets to ascend from the pack of wannabes to the next level. In 2006 Hathor Exploration Ltd. acquired a uranium exploration property in Saskatchewan (named, appropriately, Roughrider), and based on promising drilling results, raised $50 million to finance continued exploration. In August this year mining giant Cameco Corp. launched a hostile bid to buy Hathor for approximately $531.3 million.??
The Problem?
For a decade, Hathor Exploration Ltd. was a typical junior miner, a shell company that spent most of its time looking for promising opportunities in whatever was hot at any given time. In 2006 it found a uranium claim in the Athabasca Basin of northern Saskatchewan. Global uranium prices were rising at the time and, although it was unproven and required some preliminary exploration, Hathor saw the Roughrider claim as a possible opportunity. Two years later it made a discovery of rich uranium indications.?
Then Hathor faced the fundamental challenge of every junior that makes a big discovery: It could sell it off to someone bigger – the usual route – or it could build a business that would advance the find to the point where it had far more value.?
The Solution?
Hathor decided to go for it. It began converting from a bottom-tier explorer to a mid-tier developer. By 2009, it had begun building a high-powered team to lead the development, bringing in proven experts in uranium production and the nuclear power industry. New president and CEO Mike Gunning was a recognized expert in the uranium sector, having previously logged time with Teck, the Saskatchewan Geological Survey, and Triex Minerals Corp. New chair of the board James Malone was previously with Exelon Corp., a major generator of nuclear power in North America.?
The team, and the acquisition of 10 other nearby properties, helped Hathor to tell a good story, which raised significant funding. The funds were put into further exploration, particularly an ambitious drilling program in three of its properties. The drilling program recently produced results beyond all expectations, showing strong indications of dense uranium deposits. ?
Based on these results, Hathor was completing an economic performance model when Cameco lobbed its hostile takeover bid in late August. At the time of publication Hathor was urging shareholders not to sell. Whether it ends up being owned by a major or climbing into the highest tier as a producer itself, it’s clear the company’s strategy has paid big dividends. ?
Lessons?
• It’s all about the asset. As with any business, the underlying asset is most important. Without it, any business will have a long, difficult climb ahead.
• Bring in the big guns. If you want to hunt elephants, you need a big gun. Hathor brought in highly experienced mining people who know how to build a strong business.
• Continuously reinvest. Many companies raise funding or make some initial money and then start drifting. Hathor put almost every dollar it raised back in the ground to prove the value of its asset.
http://www.bcbusinessonline.ca/profiles-and-spotlights/industries/energy-and-resources/junior-mining-success-story
LX-ES & NW-UC - WTG guys! eom
Anyone hear anything new from Bob Meister? He's usually very prompt in responding to my questions. I'm sure he was busy with yesterday's function.
It could just be me. I may have touched a nerve. I seem to have a way of doing that... Just ask my wife...
Possibly we hear something soon pertaining to them applying for permits to drill. Not to far down the list...
Phase I Exploration Program
The exploration program will involve the following:
• Re-assaying the 2006 drill program Longshot Ridge drill pulps, duplicate samples, blank samples and standards by an independent ISO 17025 certifiable laboratory to determine proper quality assured copper values for these samples.
• Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples.
• Apply for permits to drill on and around the Longshot Ridge and adjacent copper oxide targets.
• Apply for permits to drill the Copper Queen and Champion target areas.
• Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line and Buffington mine workings.
• Initiate further work on metallurgical testing and environmental base line studies for the Longshot Ridge deposit.
YW - Not sure the reason for the delay in the release of the assay results. Maybe the British Columbia Securities Commission asked for clarification or minor changes to their news draft. I really don't know. I assume it'll be released in the near future...
I think they had an aggressive time table before(and still do) but have had unforeseen obstacles every step of the way. Hard to take as a shareholder, I know.
They are making progress...
I hope their promotional awareness campaign starts to obtain buyers. I thought the company's efforts would of secured a few by now especially with last week's major announcement. Not a single share traded under CNC on the TSX Exchange in more than a week.
http://tmx.quotemedia.com/quote.php?qm_symbol=cnc
Keeping my eye on it to see when the buying occurs. These are perfect price levels to come in on. IMHO - I would buy more if I wasn't all ready heavily invested.
I would of liked to attend. Maybe next year...
I just noticed we have a new mod...
Only NITE below .25 on the Ask... Assay results will be another step forward...
Phase I Exploration Program
The exploration program will involve the following:
• Re-assaying the 2006 drill program Longshot Ridge drill pulps, duplicate samples, blank samples and standards by an independent ISO 17025 certifiable laboratory to determine proper quality assured copper values for these samples.
• Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples.
• Apply for permits to drill on and around the Longshot Ridge and adjacent copper oxide targets.
• Apply for permits to drill the Copper Queen and Champion target areas.
• Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line and Buffington mine workings.
• Initiate further work on metallurgical testing and environmental base line studies for the Longshot Ridge deposit.
I also like to point out these facts for many of our investors:
Canyon Copper offers many of the best opportunities that the investor should look for:
-Proven Management
-A Proven Resource with a great opportunity to expand and move it towards production
-Positive Capital Structure: (Insiders or closer associates hold approximately 85% of the outstanding shares)
-News Flow… upcoming news
-Aggressive Pre-Development Planned Program
CORPORATE OBJECTIVES OVERVIEW:
*Target: Oxide Copper with Skarn and Porphry Copper potential
*Develop a bulk tonnage Copper and Molybdenum property in a 5km x 3km mineralized belt
*Aggressive drill program to expand current NI 43-101 resource for Oxide Copper on the property.
*Drill testing of other former mine sites on the property that were high graded for Oxide Copper
Acquisition of neighbouring properties with significant resources
*Aim to establish a large Porphry copper / molybdenum/gold resource.
Property:
Starting to see progress on corporate objectives.
CORPORATE OBJECTIVES (Updated on homepage of website)
*Identify and develop world-class mining properties
*Highly regarded management team will advance the corporate vision
*Aggressive drill program to expand current NI 43-101 Oxide Copper resource
*Develop database for economic scoping study
*Target: a 200 million tonne Copper/Molybdenum/Gold Sulphide resource and become a near term producer :ACCOMPLISHED! MOONLIGHT Porphyry Copper Project
*Establish a project pipeline of other significant Copper deposits
http://www.canyoncc.com/s/Home.asp
Yep, I'm getting it.. eom
Very soon.. eom
I'm very bullish on this company. I have a feeling this will work out very well. JMHO
Sometimes it takes 2-3 days for this kind of news to make an impact on the investor world. The company has been working on advertising and promotion material, with a number of media partners.
The company is just now moving forward with their awareness campaign to large institutional investors. The past year the stock was driven mostly from Ihubbers thanks to Rig for bringing this to our attention so early on.
I am assume the assay results will be released next.
With those mineral resources I feel the PPS could be in the multiple dollar range. I have been told many times (and have to keep reminding myself) to remain patient as the company meets it's business objectives/goals.
NO red flags - IMO
Phase I Exploration Program
The exploration program will involve the following:
• Re-assaying the 2006 drill program Longshot Ridge drill pulps, duplicate samples, blank samples and standards by an independent ISO 17025 certifiable laboratory to determine proper quality assured copper values for these samples.
• Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples.
• Apply for permits to drill on and around the Longshot Ridge and adjacent copper oxide targets.
• Apply for permits to drill the Copper Queen and Champion target areas.
• Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line and Buffington mine workings.
• Initiate further work on metallurgical testing and environmental base line studies for the Longshot Ridge deposit.
I also like to point out these facts for many of our investors:
Canyon Copper offers many of the best opportunities that the investor should look for:
-Proven Management
-A Proven Resource with a great opportunity to expand and move it towards production
-Positive Capital Structure: (Insiders or closer associates hold approximately 85% of the outstanding shares)
-News Flow… upcoming news
-Aggressive Pre-Development Planned Program
CORPORATE OBJECTIVES OVERVIEW:
*Target: Oxide Copper with Skarn and Porphry Copper potential
*Develop a bulk tonnage Copper and Molybdenum property in a 5km x 3km mineralized belt
*Aggressive drill program to expand current NI 43-101 resource for Oxide Copper on the property.
*Drill testing of other former mine sites on the property that were high graded for Oxide Copper
Acquisition of neighbouring properties with significant resources
*Aim to establish a large Porphry copper / molybdenum/gold resource.
Property:
.16 x .18 - Let's hope the investors that got in the PP at CDN $0.35 won't allow this to get that low. I also bought a lot of shares at .35
Maybe the company's awareness campaign will have some affect. Assay results will probably be released tomorrow...
Thanks - Glad to have gotten them. Not happy at all with so many shares being available under .20 - Let's see what today brings..
.1015 x .15 now -
The rest of my order filled at .15
Volume = 207,895
I've patiently watched the PPS go from .10 last year to over .40 and now back down to .15... Time for it to cycle back up again..
Nearly 200,000 traded today. I want to see more volume tomorrow at higher prices. Not to much to ask for is it?
May bode well for anyone adding in the teens. We shall see...
20,000 more hit on the Ask at .19
I know 2 investors who just picked up shares at .15 & .17... I may try for some .15's as well.
Edit - Received a partial so far
Edit - 20,000 just went thru at .15 and my partial still sits there.
.17's look pretty good to me as well :)
Same here... More volume on the Ask came in a few minutes ago.
Volume up today.. Did someone just pick up some .14's?