Columbus Gold Corp CGTFF

RE:More Pondering

[AltaRounder]

123Buy: 

       Thanks for bringing up the fact the ESIA appears to have moved to last half of 2017. I never noticed that!  I too always assumed the ESIA would be out before the construction decision so FG is probably in a holding pattern (that figures). You would think the project operator (NG) and CBG would at least provide an updated timeline if they agree to blow off the 90 day and 45 day terms.

From the standpoint of CBG, as a minority shareholder in FG, maybe now is the time to kick it up a few notches in Nevada and spend some real money there; while continuing to advance the FG project as best they can. With the BFS, I would hope Guistra could fianace it using debt over equity at this point. Hopefully, Guistra gets the share price moving with upcoming results (FG + Target 5) and an agressive new drilling plan. I'd like to see them drill some holes into the new Bolo claims. (apparently a Andy Wallace favorite.)  As usual, expect the unexpected.

PS: I read with interest about the IamGold's 30% stake sale of Cote to Sumitomo, which is going to bring in another 180 million for them. This brings their cash hoard to near 1 Billion and Cote doesn't reach BFS stage until the first half of 2018. Even more interesting was the fact they hope to do more JV's with this Japanese company. Last time I checked IMG still held 13.5% of CBG and both together would certianly have the firepower to take out Nord/CBG. (enter my latest fairy tale). Actually, 2 years ago, I bought CBG partly because of a gut instinct it would be IMG + Guistra's relationship with EURO Resouses (now IMG).