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Canasia Industries Corporation V.CAJ



TSXV:CAJ - Post by User

Post by GDAWG77on May 11, 2008 7:04pm
290 Views
Post# 15061360

CAJ is undervalued for its potential

CAJ is undervalued for its potentialCAJ is trading at 23 cents, when its got 2 huge projects(copper and potash) going on. Here are 2 companies to compare it with that have been successful with their findings

RBV(Ringbolt Ventures): This company has 1/5 of the land of CAJ but has received the permits for its potash project and trades over $1

VMS: Self explanitory, VMS has great Cu grades and the location is great(near roads and infrastructure)

So yes, CAJ is still cheap because nothing is "confirmed", but once the permit goes through and CAJ has similar assay results as VMS, dont think youll get CAJ less than $1 ever again. This could take till Q3-Q4, but upside is ridiculous.
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