TSXV:CLZ.H - Post by User
Comment by
laxzilla41on Aug 06, 2016 7:36am
178 Views
Post# 25116340
RE:Only 35%
RE:Only 35%They have at least 50m OZs right now, so by the end of the drill program they should easily double that to 100, the nature of the deposit makes production cheap, $15 -17 per. so if the silver price stays at 20 then most of the upside is priced in, but if silver goes to 25 by the time the bidding war starts we could be looking at 4 dollars an OZ on a take over, which would be 400 million which would, upon a takeout, give Canasil a value of about 1.40 a share. but if the resource is 200 million OZs (which it very well could be) then a takeout would see us at 2.80. The point is, if silver is in a bull market, and the resource is as large as they think, then there is a lot of room for this to run. Also they have a pretty good portfolio of properties in Mexico and B.C. so they are not just a one trick pony.