RE:CNLIn the mean time GCM is holding up (there is currently 10 million shares on the bid). GCM outperformed CNL so far.
Max_Value said GCM was running out of oz. Wrong.
Their recent resource update almost tripled M&I high grade oz.
Max_Value said GCM was bankrupt. Wrong.
GCM guided $15 million free cash flow for 2017 when gold was $1225. Current gold price is higher than that. How much free cash flow does CNL currently have?
Max_Value said 14 million oz Marmato was low grade and hence not economical. Wrong.
Look at the Marmato 43-101 Technical Report. They did a PEA with $500 cash cost and a total NPV of $1.6
Billion, 21 year mine life. The low cost is from the mineralisation being very large and continuous, drill holes with 600 meters continuous mineralisation. You're going to say it is not P&P, but all they need to do is infill drilling to convert it.
Let us see at the end of the year if i can take away your Max Value crown.
ts9222 wrote: Lower gold price -> lower share price -> greater dilution
CNL debt package is dependent on raising equity financing.
I listed this as one of the risks when CNL was $5. Now it is $3.