Columbus Gold Corp CGTFF

RE:RE:RE:RE:Idiots

[123buyholdhope]

I agree with your ideas but hope that Eastside plays a more important role in the future. Eastside already has an inferred resource at approx., 720,000 ozs., however, Guistra added that this number represented only about 50% of what was actually identified in the last drilling program (and was only one of seven areas representing about 2% of the Eastside package). CBGDF are now buying another approx 270,000 historical estimated ozs through the adjacent Castle Gold resource. Therefore, Eastside is now in the 1-3/4 mill ozs inferred (inc., historical) range in a growing district.

CBGDF is now getting really interesting. They are raising money to drill more of French G. this is clearly to have more evidence befroe NG can come a calling. We have 5 mill oz identified but past reports have talk of a 5 - 8 mill oz range. If this is correct and it looks like CBGDF eventual share could be in the 3 mill oz range with a mine life increasing towards 15 years (with share costs of approx 200 mill) then it is possible that Newmont or IAG (14% CBGDF shareholder) both in the Suriname and French G area or other companies, might easily be tempted to buy in to partner with an excellent low cost producer like NG. This would be a bidding war (with an Eastside spinoff) as NG does not seem to stomach ‘partners.’

However, if CBGDF is perceived shortly to have the ‘real thing’ at Eastside then it is also possible that if NG were to delay their bid for CBGDF 45% French G then a major may consider taking out CBGDF entirely. With 2 – 3 mill ozs in French G and possibly 3 -5 mill ozs at Eastside (Guistra in a verbal presentation in 2015 indicated CBGDF did not want a partner for Eastside) then this would be an overall very desirable asset with limited risk. As indicated by others, no mid tier or major probably would want to wait around to buy overall 4 – 8 mill ozs in very good gold producing environments; especially in what may be a rising gold price environment with more and more of those ozs moving into the P&P category.

As already used the Kaminak purchase does give some interesting ‘food for thought’ as a comparison although for a full CBGDF take out, $1.33 would obviously no where near suffice.