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Cascadia Minerals Ltd V.CAM

Alternate Symbol(s):  CAMNF

Cascadia is a Canadian junior mining company focused on exploring for copper and gold in the Yukon and British Columbia . Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper and 30.00 g/t gold.


TSXV:CAM - Post by User

Bullboard Posts
Comment by pmanalyston Dec 10, 2010 2:56pm
510 Views
Post# 17830758

RE: ATAC vs Exeter

RE: ATAC vs ExeterGood question.  I personally think Exeter is undervalued because it has proven a considerable amount of gold lies within their boundaries.  What the problem probably is going to be is the capital needed to build a mine in this location.  I used to own Bema gold (now Kinross) shares which owned one half of Cerro Casale but they were too small to get funding for such a large endeavour.  To this day (some 13 years later) Cerro Casale is still not a mine.  Now that it is in the hands of Barrick and Kinross and gold is at a much higher price I'm sure something will be done but look at how long it has taken for any decision to be made.  This area produces very low grade gold albeit in large tonnage.  I really believe the initial costs (well over a billion dollars) is what investors fear.  Exeter is still a good take-over candidate for one of the majors probably Barrick but not until Barrick has built a mine at Cerro Casale IMO.  ATAC on the other hand is still very much an unknown.  The stock is very speculative at this point.  I like ATAC mainly because of the land mass that they have acquired and their knowledge of the area.  If they can get some good drill results next year I'm sure their stock price will far exceed that of Exeter.  Exeter has less risk than ATAC and will probably be less volatile so it's really up to you as to how much risk you can handle.
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