Condor Resources Inc V.CN

Share price

[KLockett]

Any guesses what the share price will be when they have drill results? I know it depends on how much they find but this could go way over a dollar no?

[Brianw21]

All of us hope it will be like the Arequip[a deal with Barrick Arequipa played it cool, holding out for an improved deal, until Barrick announced a revised bid valued at more than $1 billion. It allowed shareholders either to receive $30 per share or exchange an Arequipa share for 0.79 of a share in Barrick, plus 50?. Lowell and McLeod-Seltzer signed a lockup agreement covering 23% of the junior

[Crashcomingsoon]

So, Barrick's offer was based on 5M oz gold (which turned out to be more).  If CNRIF had a similar offer at the 1996 POG (when Barrick made the offer) and using the 122M CNRIF shares outstanding would result in a share price of $1Billion / 122M = $8.19.  Then assuming half of today's gold price or say $1000 / oz would mean an offer of 5Million oz * $1000 = $5Billion which would

[Crashcomingsoon]

Correction : Factor in the possibility of $3000/oz gold and 10Million oz of gold and it increases the value 3 fold.or $120/sh.  Is that really possible or have I missed something ? So, Barrick's offer was based on 5M oz gold (which turned out to be more).  If CNRIF had a similar offer at the 1996 POG (when Barrick made the offer) and using the 122M CNRIF shares outstanding

[ALTEL]

$120 a share might be a tad optimistic if it hit's $3 ....... i will need a change of depends

[Brianw21]

Yahoo Finance...the prognosticator of future value says $5.42 or there abouts.  I like them. they predict based on short term past performance and thats it.......please dont take this to the bank in any way!  Best wishes to everyone!  If we do hit it big lets meet for a scotch somewhere if you live in Calgary! Brian

[Crashcomingsoon]

Yes, I feel more comfortable with a lower price target and taking it one day at a time and not looking too far ahead.  We don't know what the drill results will yield. As an aside : Based on the following article, Barrick paid $200/oz for Arequipa gold. Gold is selling for almost  $2000/oz today.  Any offer would be say $1000/oz. Arequipa intensifies drilling as Barrick

[gpsairgoldteam]

If Pucamayo sells for $1 Billion, then you're looking at a 40 bagger from here. or about $11.20 CAD. Then consider there are 3-4 other projects that could be as good or better. Then of course Pucamayo could be much larger than expected if the horizon across the hills is the same as the 500 x 800 meter target area. Sky is the limit on Condor IMHO.

[Magnum2]

Dude, they have to raise cash above 10 cents a share....ten years of tiny raises just to pay mgmt salaries/keep the lights on. Nice to dream, but the reality is they have a Million and change and that isn't going to accomplish much....the Junior Gold rally has faded, now Cos. need to work hard to build momentum. 8 to 10 holes isn't go to get you a Billion$ valuation.

[Crashcomingsoon]

re: 8 to 10 holes isn't go to get you a Billion$ valuation. Read this :Condor Resources: An easy to Test 10+ Moz Target And More  https://www.thehedgelesshorseman.com/condor-resources/condor-resources-an-easy-to-test-10-moz-target-and-more/