As someone who has watched the Gold market for over 10 years, i'm convinced the time for CMM is finally here. I don't mean just today or this week - I mean the next year or two were going much higher. Throughout the macro-bull Gold Market, there are a lot of up legs and corrections. With each big move up in the gold price that spans several months, I've observed the following (I'm sure others have as well and I welcome anyone's input)
1) First the highly liquid large cap gold stocks move first with bullion as they are the most obvious play for big money
[check - Newmont, El Dorado, all the GDX components up big]
2) Then the mid tiers and silver plays move up and outpace other PM plays
[check - IamGold, Yamana have all moved up along with Silver plays like CDE, HL, SLW especially]
3) Then the junior plays with dependable track records move up big
[check - Arian Silver got a huge revaluation up, Aurizon way up, Claude up, countless other examples]
4) The last move is the highest in percentage terms. I believe we are now here. That is when the large caps and mid caps slow down their gains while beaten up plays like CMM that are GROSSLY undervalued and that have some perceived risk and past issues finally burst up as they revalue closer to fair valuation. (which is MUCH MUCH higher)
I've seen and been in many of these that were 5-baggers and 10-baggers. This is where we are now - right on the cusp. It is very frustrating because this move is usually LAST in a gold bull move, but it is by far the biggest. Doubles in a matter of days and weeks happen constantly in this phase.
A lot of great things on the horizon. BD drilling, increased tonnage, new 43-101, new CEO. Our patience will be rewarded.
RE
11 comments:
In addition, the move today has technical significance. This is the 4th confirmation of higher highs. Every time we test the bottom we bounce from a higher level and form a higher bottom. That is very bullish technically.
I feel like hugging you real_economics
Real_economics,
I fully agree with your words of wisdom. CMM will also benefit from the fact that the supply of its cheap stock is slowly drying up. Therefore, those who wish to own it, will have to pay fair price for it. And "fair price" is...???
(in my humble estimation it's in the $3-4 range).
GLTA
Management must be on vacation. They've got twice as many workers as needed doing half as much work.
It would be nice to see mgmt show some interest in their shareholders.
It takes more work to open up a stope than to actually mine it, especially with their new low profile equipment. We are opening up new stopes and developing the Bedard Dyke and working on the North Wall. This is tedious work that involves more thinking and adjusting on the go and is time consuming. Once we are set up on all 3 areas, you will see what this company can produce.
As for being critical of management, please leave that on Stockhouse. Management has stated that the financials will be out not by venture standards but by TSX standards, November 15th. This will be the day when this company starts showing where they are going.
Holding (and buying) with confidence
Since Jan 2010, I must say much have been done and solid progress in the mining fronts made.I am confident management is on the ball n by the time BD and NW come on line, we shall be on a very different level of play without a doubt. It will not take too long. In fact I anticipatate we shall have 1200tpd by Q1/2011 whereby achieving commercial production status,1600tpd by Q2/2011 possibly giving us an annual production run rate of 100K oz Au and 1600tpd-2000tpd n more from then on. I had read an advice "it is not always my ability to pick the best stocks. It is always my sitting that makes me the big money". So i am sitting tight and i wait. With a very cooperative gold price, my gut feel is we are indeed very near to launching.
Yes, were right on the cusp. I just posted another little brain dump on Stockhouse to help educate the newer folks there who might not understand the opportunity here.
For us perma-longs, we know the deal and are all just waiting for what we already know will happen to manifest.
Have a great weekend everyone!
RE
How about directing those who read Stockhouse to this blog so they are able to read all the past and present postings particularly those by Prod05?
Yes, have done so in the past and will do that. I don't want to ALWAYS do it or it will seem to salesy. But I agree, that make sense. The spam on Stockhouse is out of hand - they really need to get better spam filters.
RE
testing posting only..
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