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Canasia Industries Corporation V.CAJ



TSXV:CAJ - Post by User

Comment by GDAWG77on Apr 28, 2008 12:03pm
125 Views
Post# 15015354

RE: Looks interesting

RE: Looks interestingOf course its a spec play, thats why its only .22 cents. But the nice thing about CAJ is that they got 2 projects on the go. They have the 450,000 acres of "potential" potash, OR the Reed Lake drills right beside VMS. Now yes they both could go sour, but highly unlikely. If CAJ has similar results as VMS and they actually have a good resouce estimate on their potash property, then its a winner. IF this does work and theres potash on CAJ's property, then take RBV, times the SP by 5 times and then take the spike from VMS when they first anounced results, and you got yourself a $4-5 dollar play. Again this is all spec, but thats the name of the game. CAJ basiclly has no potash and VMS drill results are sub-par, it goes back to 10 cents, or it explodes over a dollar. This will all happen most likely by Q3-Q4, but price could slowly increase until then.
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