Tonight on BNN, Cook is discussing the Junior mining Industry and market Sentiment.
Three main things that these companies need for you to be interested and survive in these market conditions:
First, Finance- cash to survive and advance project (we have a billionaire, no issues there)
Second, the project and the potential to discover: Major economic deposit (SC, plus our project enhancements and SC mineral trend....lots of discovery possible)
Third, The management team (Our team knows value, understand market demand, capability to develop and advance projects)
Cook explains, if these three factors exist with a particular company, your fantastic! (IMO, cuu passes all these criterias with flying colours)
Other feel-good comments include:
30% of companies on Venture Exchange will go through bankruptcy
No more dumb money to bail you out, follow the smart money (Insider purchases)
junior exploration-risky sector as discovery is non-existent as Junior companies disappear
70% of junior-exploration companies on the Venture Exchange have only $1,000,000 or less in the bank, companies can not survive much longer, and can not do significant work or development on thier projects (lack of cash, CUU is unique as we have no issues with cash)
quality companies are trading at a discount to what they are worth
This year will be one ugly summer......companies will be disappearing (not CUU)
be careful, do your DD....these statements come from Brent Cook (part one):
http://www.bnn.ca/Shows/Market-Call-Tonight.aspx