GREY:CGOOF - Post by User
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Max_Valueon Nov 16, 2016 4:45pm
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Post# 25471538
RE:CNL A GREAT SHORT ON ALL FRONTS ... HAPPY HOLIDAYS...
RE:CNL A GREAT SHORT ON ALL FRONTS ... HAPPY HOLIDAYS...Nice to here from you again Jonny.
So, once you said that there is no way CNL gets the permits. First thing you gonna be wrong:)
I like your comparison with Red Eagle, even if their project is a joke in comparison with CNL. Nevertheless I would be pretty happy if CNL shares start a similar performance like Red Eagle. Red Eagle share price is up about 300% since they got their permits. So I would say CNL between 10-12 CAD would be quite nice for CNL shareholders:)
Of course, now you come up with dilution. Dilution is almost priced in. Even if we end up with 230-240 mio shares fully diluted, CNL is still cheap,even if we get to 6 CAD.
Dont forget, there are many million inferred ounces not included in the feasibility study, and there is a huge potential to find many million more ounces. Just look at the numbers. And guess why there were so many illegal mining:)
Even management does a great job. Best investment in the junior gold sector.
mAx