TSXV:CSG.H - Post by User
Comment by
MontyHighon Jan 06, 2009 10:40am
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Post# 15685102
RE: RE: RE: Long on CSG
RE: RE: RE: Long on CSG
About Capital Gold... You are good and this probably won't help much, but...
Castle Gold is cheaper, but has a shorter mine life, I believe. Any way, I don't see it having a path of growing to the point of being a takeover target. But its so undervalued, I'm accumulating.
Capital Gold is ramping up production, they have a revised resource estimate coming this month that should allow them to continue to ramp up to 100K, maybe 120k oz/ year with decent mine life. That's big enough to be a potential takeover target, in my opinion. They have a track record of operating cost that looks pretty good (don't have the numbers on the tips of my fingers). Not the greatest, but clearly undervalued relative to, for example, Minefinders or Western Goldfields, in my opinion. I don't have my records in front of me, so this is all from memory.
With these jr miners I try not to hold more than 1 typical day's volume (in case I decide to bail). So, I need multiple.
On MTO, I guess I'm going to hold a little longer and see what their production results are like and whether they can prove up some more gold. They are a little weak on their resources.
MontyHigh