Camrova Resources Inc V.CAV.H

RE:10 cents still possible anytime soon?

[mining_pays_my_bills]

It will probably finish this month still, as construction was only stopped for a couple days. If not, than first few days in March. Completion of the copper circuit construction is not the only news coming down the pipeline, there's also the new SRK report which will give a new valuation for the mine based on resource estimate and new sustained price of copper (previous NPV was based on about 1.80/lb, it's been well above 3$/lb now for a few years, so that should add 100's of millions if not a billion to the NPV), and there's also negotiation of new standstill agreement and financing based on the new SRK report. We were told in December via news release that these negotiations were underway at that time, and that the SRK was in the hands of the lenders and banks- so... it exists, there is a new value placed on the mine, and all that news is forthcoming, and i believe if the releases are timed appropriately it could drive the share price up to 10 cents easily. Let's say the new SRK states the NPV of the mine at $2.5Billion. 10% of that is $250 million- that's like 15X BAJ current market cap. So, yeh, the price should go north of 10 cents pretty soon. It's already way undervalued at the current NPV, which is outdated.