GREY:GMFLF - Post by User
Post by
nostrilon Sep 03, 2013 11:29am
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Post# 21714600
Next few weeks
Next few weeksI guess there should be some news from CTG in the next few weeks.
The PEA is due to be completed by the end of September. CTG are due to speak a the 2013 Precious Metals Summit Colarado on 18-20 September. So I would expect the PEA to be released before the 18th so they can use it to pitch to investors at the conference.
Also, CTG is now effectively 25% owned by Alamos Gold following the completion of its acquisition of Esperanza. This company has a lot more cash than Esperanza. Plus, they seem to be pretty value oriented and happy to make investments when others are not:
https://www.bloomberg.com/news/2013-08-29/alamos-thriving-in-gold-s-rout-ready-for-value-buys.html