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COLOMBIAN MINES CORPORATION V.CMJ

"Colombian Mines Corp is an exploration stage company. It is engaged in the acquisition, exploration and evaluation of assets in Colombia."


TSXV:CMJ - Post by User

Bullboard Posts
Comment by maccon Jan 12, 2010 4:00pm
613 Views
Post# 16670193

RE: RE: Come back to my question...

RE: RE: Come back to my question...They won't get much money from those stockhouse articles,not for very long anyways.Everything depends on the drilling in the Yarumalito property and the subsequent drill releases.If their the holes are good then CMJ can issue new shares at a fair cost.Read the financial statements ending Oct/09.They say as much.CMJ has drilling expenses and options payments coming due later in the year.So these holes are critical.

Now that out of the way.These guys have a better lay of the land then most juniors playing in Colombia.I'm sure they have choice concessions.It helps too that the area they want to drill had 13000 oz mined by the natives over the years.I think this is their ace in the hole.I think they will find good enough holes to warrant getting more funds thru issuing more shares.They need at least a couple of more millions,let's say 5 mil.
Bullboard Posts