TSXV:CSG.H - Post by User
Post by
anon3on Dec 16, 2009 7:50pm
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Post# 16595008
Letterman's top 10 reasons to not tender CSG share
Letterman's top 10 reasons to not tender CSG share10- The under explored gem La Fortuna - 5 past and present mines nearby
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CSG&t=LIST&m=27658404&l=0&pd=0&r=0
9 - El Castillo expansion potential - currently 10 yr mine life - pg 12 - 14
https://www.castlegoldcorp.com/i/pdf/2009-10-03-CSG_Corp_Presentation.pdf
8 - The unknown additional resources in the transition and sulphide zones at ElCastillo - pg 16
https://www.castlegoldcorp.com/i/pdf/2009-10-03-CSG_Corp_Presentation.pdf
7 - Current shareholders have yet to feel the benefits of new equipment andcrushers recently employed at El Castillo - meaning lower cost of production,also the reduction in waste: ore ratio - pg 10
https://www.castlegoldcorp.com/i/pdf/2009-10-03-CSG_Corp_Presentation.pdf
6 - El Castillo was proven feasible with a POG of $632 - pg 7
https://www.castlegoldcorp.com/i/pdf/2009-10-03-CSG_Corp_Presentation.pdf
5 - AG would have to recoup their investment of $120m +/- $, so in a way CSG isway ahead
4 - Many analyst predict more upside to the price of gold. With world reservesdeclining at 2%/yr and average production cost now well above $400/oz - CSGhas low downside risk
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CSG&t=LIST&m=27688449&l=0&pd=0&r=0
3 - CSG is undervalued when compared to TMM and CGC both with operations in Mexico
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CSG&t=LIST&m=27693262&l=0&pd=0&r=0
2 - CSG was put up for sale under depressed market conditions - the premiumoffered in the offer comes nowhere close to compensating shareholders. Add tothat AG is privately held, would be a great investment having the AG team ascurrent CSG management
1 - Remember the 80's when gold hit $850 - even moose pastures were worth afortune
IsCSG really only worth a $1.30 +/- a few pennies????????