RE:RE:RE:RE:value>> First of all, its always a bad sight if you have promo in other boards, story should speak by itself.<<
All I did was make one post comparing the two neighboring companies. It would have been left at that. But when you start bashing and making false statements, i have to reply.
>> So you say its some guys found gold in the past 150 years thererfore there will be more gold. <<
It is not just some guys, millions of oz of high grade gold has been mined there for generations. When the grade is that high and has been mined for so long, the odds are very good in your favor that there will be more with more exploration drilling. It doesn't have to end with current M&I and then suddenly fall off a cliff. Your CNL has an M&I. Are you going to tell me that is all there is, there won't be any more gold with more exploration drilling?
>> Resource: Thats what people always talk about. We don't have to drill further and should save the money. <<
Obviously it is better to do a full feasibility study, but a company that was short of cash doesn't have that luxury. They were bought as old historic mines whose owner didn't do a lot of drilling. They did do a PEA study NI43-101 report by independent geologist SRK in 2014 (coincidently the same year they changed to current CEO). You have to walk before you run. That doesn't prevent them from doing a pre-feasibility or full feasibility study in the future. They plan to double their 10k meter drill program in 2016 to 20k meter drill program in 2017 now that they are generating more cash. Who knows, they just might do a formal feasibility study that you like with the increased drilling. You can't read their minds and say that isn't what they are planning to do.
>> What about the low grade resource? <<
Obviously they need more drilling on the low grade Marmato mountain. They likely plan to do a feasibility study on it. Just because they haven't done a feasibility study on it YET doesn't mean they won't. That is a future project, not a current one. The market is giving ZERO value to it, so you don't need to worry. Just think of it as a highly leveraged option.
>> I just can tell you what I'm telling everybody since a long time. <<
You are assuming things don't
change with time. If you look again, you will see that the company has improved significantly from the past. Production is increasing, grade is increasing, cost is decreasing. Companies can and do
turn around.
Max_Value wrote:
Okay, one more post about Gran. First of all, its always a bad sight if you have promo in other boards, story should speak by itself.
Resource: Thats what people always talk about. We don't have to drill further and should save the money. We don't need studies, its to expensive. So you say its some guys found gold in the past 150 years thererfore there will be more gold. Who knows? And if there is more gold, is it economical to get it out of the ground? Who knwos? There is no study. You get what I'm trying to say?
What about the low grade resource? You they there have been other low grade projects making money. Sure, but who knows if you ever make money with that low grade project?
To sum it up, you have no reserve, no studies, you are running out of the m&i ounces and you have a huge debt position. Thats why Gran got a market cap of 20 mio. Imho still to much.
CNL insider sale was due to excersice of options, not sure if the guy had the money to keep the shares.
I just can tell you what I'm telling everybody since a long time. Buy CNL, there is no better story out there.