TSXV:CSG.H - Post by User
Comment by
anon3on Nov 11, 2009 2:56pm
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Post# 16476326
RE: A New perspective on this deal
RE: A New perspective on this dealA few points to add
El Castillo and the whole gold market valuations are based upon POG at less than $1000 oz (CSG $632 LOM to be exact) now factor in the increase in reserves if the new valuation jumps a few hundred ($832/932)
Also current shareholders have gone through the growing pains which have not been factored into current market cap .... new crusher, new contract with miner cost reductions, increase in tonnage place on leach pads using the new large capacity trucks and equipment, drilling to increase reserves, the gold underneath current open pit
Orgy you said it your self the market is full of junior venture stocks who have not rebounded from the market collapse - CSG was one of those and one of the best for future growth
https://www.castlegoldcorp.com/i/pdf/09-05-05-CorpPres.pdf
page 10 has LOM feasabiltiy list as $632