Cartier Resources Inc V.ECR

ECR has 5-10 bagger potential

[OleBole]

In November, a Swiss fund liquidated a 7M share Cartier position in the open market. At the close today, the market is valuing a high-grade 2m oz au resource (with a 950m shaft running down the middle of it for easy access) located in a top tier mining jurisdiction at C$10 per oz in the ground. The company is cashed-up through 2022 with C$8M cash and a C$30M market cap. The stock has 5-10 bagger potential once the sector moves into a favorable market climate 

 

[sebraz]

agreed. especially after the completion of the LOI, giving them more exploration potential for any buyers. The market is still stung from poor IR from last year and seems to not be willing to giving credit where it deserves. Let's see if we get a better reaction after acquisition closes.