Camrova Resources Inc V.CAV.H

RE: Nearly two million traded

[junior_miner]

>right you idiot and we're still at 1.95, couldn't even crack the 2 dollar level. This project has been well known by the likes of Roulston for awhiel now, it has been discouvered, it has it's DFS out there and still it didn't move.< Many juniors have seen drops of 20-30% in last weeks. BAJ has risen a little. Nothing to complain about. What comes to NAV (which is a stupid measure, since some people see it as DCF valuation and some as a value of assets as the abbreviation says) or NPV, mine life after 20-25 years does not affect much. But BAJ has a possibility to double or triple the capacity in coming years and still have that 25 years to go. One has to give some credit for that. To me it's apparent that the company wants to start with moderate capacity and cover the extra capex needed for expansion with cash flow later. Only negative thing about BAJ is rather rapidly decreasing head grades. But one should note that current CuEq grades do not include manganese. While grades of Cu, Co and Zn drop, Mn actually increases. I'm positive they will expand at year 5 much more than planned in DFS to maintain the production rates and to get unit costs down even further. Adding manganese seems to be a sure thing (current price for pure Mn is 3800/t).