GREY:CDKNF - Post by User
Comment by
HeyBlinkinon Jun 24, 2014 10:44am
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Post# 22689192
RE:presentation updated
RE:presentation updatedThanks for the heads up Seven.
If they sell all of Morelos Sur to focus solely on El Barqueño they could potentially have nearly as much cash in the bank as the entire company's current valuation - depending on sale terms of course, but for Las Calles alone the $40-$50 million range has been mentioned, so what's the rest worth?
Not sure if this is what's going to happen, but it would make sense to me to focus on one prospect where the drilling is easiest and capitalize the prospect that has been harder to pin down.
With a continued $ climb in gold, the SP should be set to really take off once a sale(s) is(are) announced - this year!
Then they get to delineate El Barqueño's millions of ounces early next year with tons of cash for the drilling.
Significant upside potential IMO.