Hey guys, why all the doom and gloom and what's with waiting another 5yrs for this to pay off? Yes, its been a frustrating year for all but there is light at the end of the tunnel. We've been in a down cycle for commodities and metals for the last 2.5 years and this has hurt all junior resource stocks. It has nothing to do with fundamentals or merits of the project. Alot of good junior resource stocks have been hit hard and investors have all but fled this sector. This is the primary reason WE are not getting bids right now even though the project has advanced much further than it was 2 years ago.
However, all down cycles come to an end. Our down cycle has extended much longer than average ( 1-1.5 years ) and we are due to turn up very soon. Since this has been an extreme down cycle in the metals I expect the next up cycle to be very strong and bullish. This is how markets shake out the weak. Those that hold will be doing very well in the next up cycle. From a contrarian standpoint, this is the time to accumulate and hold on.
I predict that those that do will be sitting much better 6-12 months from now. Higher metal prices will also spur on more takeover activity. Higher prices improves everybody's balance sheet and earnings - and those Majors flushed with excess cash will be on the hunt to aquire the best juniors with the best projects. All you need to ask yourself is how does CUU stack up to the competition when that time arrives? My 2 cents.
