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Canasia Industries Corporation V.CAJ



TSXV:CAJ - Post by User

Post by DDiscoveryon Oct 15, 2010 10:19am
364 Views
Post# 17568694

Uneconomic up my ....

Uneconomic up my ....Let me first state that management again did a poor job as far as investor relations is concerned. NR's are supposed to provide clarity instead of raising questions. With all the speculation going around this board, which have a high "complot theory" level, it would actually be good if management takes away these pump and dump rumours.
Some have said that Clone is and will stay on to be uneconomic but in my view this is way too premature as we really don't know what kind of larger structures may be out there. Even a lot of high grade pockets can be connected down deep so let's not call this a Swiss cheese until more drilling is done. Secondly much of the historic drilling was done when gold was trading way below $1,000 an ounce (perhaps even below $500) so at current prices it may just as well be very economic once more ounces are put in the resource category.
I would give management the benefit of the doubt and hope they will hire a good IR company. Management should do some insider buying at these depressed levels. That would really be a strong vote of confidence !!
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