Cadillac Mining Corporation CQXFF

Major Change in Direction

[jsnfernley]

CQX literally abdicates their Cadillac Break properties (except Dassarat North) by farming them out, and announces their desire to play in the Great Basin (primarily Nevada), which they state they have been reseaching for the last two years.  I guess this shouldn't be that much of a surprise considering how they went to BC several years ago while ignoring the Cadillac Break properties.

Mgt has stated in the past their desire to preserve their capital structure and not dilute.  Have they already found the project they want?

Who knew and why did the stock price rise for no apparant reason prior to the announcement?

Enquiring minds want to know.

[Goldfinder77]

Who knows what they may come up in the Great Basin but that ain't why this stock has gone up recently.  They aren't abdicating the Cadillac Break.  They are a major landholder along the Cadillac Break and it appears they've maintained their Wasamac Property which is adjacent to where Richmont is drilling and getting good results.  Anyone with their eyes on the Cadillac

[jsnfernley]

Visible Gold's map of projects clearly shows that Cadillac's Wasa and Beauchastel East properties, which bracket the Wasamac project to the northwest and southeast, are included in the JV.  This is what I was going by.I just tried to call the company but the phone was busy.Can you tell me what I am missing?

[Goldfinder77]

11 claims were not part of the deal with Visible Gold.  If memory serves correct I believe that would constitute Wasamac.  All the Visible Gold map shows is all of Cadillac's properties.  I'm sure if Visible Gold had picked up 60% of the Wasamac claims they would have made a big issue of it.  Looks great for CQX - and the company has made it clear its going after a

[jsnfernley]

The VG map shows an extra claim to the north of Rouyn and is missing the Dassarat North claim compared to the only Cadillac map I can find.I sent an email to Victor Erickson to confirm:Q:  Can you confirm that Wasa and Beauchatel East are included in the joint venture, and Dassarat North is not?A: 7 Wasa and four Gan claims remain 100% with CQX.Next email:Q: While I realize that