Why are people selling? I'm sure they did DD too. Have we lost that much faith in management? We were so excited and desperate in receiving the BFS because we expected it to explode with a big boom, our sp north, instead, since its release we have imploded south in a free-fall to depths of early years to CUU beginings.
SP is under attack, just like before. Based on the constant DD done on this board and privately we know what CUU is worth. And so do the attackers. That doesnt mean i'm not choked about this drop, it just means others are actively trying to get in at a lower price. Some stop sells are being taken out and others are selling because the BFS numbers were underwhelming.
I do think Elmer and EE have a strategy in mind with the Bare Min BFS release and lack of drilling. I only assume this because based on all the facts, it doesn't make sense otherwise. Teck may have been playing hardball with Elmer this Summer/Fall, and he decides to do the same thing.. show that SC makes money even if you MAX out the risk.
I want this thing over soon, lets see the SEDAR filing.
