OTCQX:CGTFF - Post by User
Comment by
BullStockingtonon Mar 20, 2017 10:44pm
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Post# 26005626
RE:Columbus Gold Announces Positive Bankable Feasibility Study
RE:Columbus Gold Announces Positive Bankable Feasibility Study@123 Thanks for taking the time to put up a really in-depth insightful post. I especially agree with your first point in terms a short-term SP driver. The BFS definitely gives it a level of legitimacy seperating CGT from the dozens of other junior explorers on the tsx/tsxv. This should lead to increased coverage and thus SP (a couple months back after an analyst named byron king put out a positive report the SP immediately jumped over 10%).
Just to add to your point about Giustra maybe showing his cards with streaming as an option, back in february he told the Northern Miner: "We envision ourselves being very involved, and we’re looking at construction loans, streams and different financial options." So I'd agree he's maybe trying to put some pressure on potential bidders.
Should be an interesting next couple months for us!