GREY:CRXEF - Post by User
Comment by
ybone1on Nov 01, 2010 3:41pm
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Post# 17641176
RE: Market implied value
RE: Market implied value To me it appears that management operates as a mid cap stock. From what I read on here many would like them to operate as a very speculative microcap, giving you a play by play on drilling the one hole that was budgeted for. As was said CXT has made a discovery. The last news release should give you an indication as to what kind of discovery. I believe the words were very large alkalic gold system. At current market cap and a price of $300/ounce we are valued at what about 250,000 ounces. CXT has a bunch of drills turning and a lot of core in the lab. Minto looks like the honeyhole but there is gold elsewhere on CXT properties. It's still very hard to find a junior with these results and potential at this price. The drills found more gold and the price drops 40% ?