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Channel Resources Ltd V.CHU



TSXV:CHU - Post by User

Comment by teeveeon Jun 27, 2012 2:41pm
170 Views
Post# 20060674

RE: RE: RE: NI 43-101 Resource Estimate soon?

RE: RE: RE: NI 43-101 Resource Estimate soon?

I predict any market capitalization above cost of discovery (~$10/ounce) wil quickly be absorbed by equity financing. Assuming 1.5 million ounces, any price above $.11/share would be an automatic sell or trade. As for your examples, look at Extore-it trades at $10/ounce in ground. NDM trades for about $7/ounce in ground. It is clear your examples are very over priced and likely have a lot of downside risk in their share prices.

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