CUI and CANI think what you're missing here is that Canaco was arguably the best performing junior gold stock of 2010 and we have historical drill results to prove that we have the potential to be the next player in Tanzania as they mirror those which sent Canaco to $1 a share this summer. What you're also neglecting to look at is the fact you're comparing the two based solely on share prices which is irrelevant if the two companies have completely different share structures. Canaco hit $1.50 a share on July 13 this summer with 150 M shares outstanding giving it a market cap of $225 million at the time. CUI has only 84 M shares outstanding which means we would be valued at $126 million at $1.50, almost half of that of Canaco's valuation.
Anyone who flipped this stock for a couple pennies and is waiting on the sidelines for a sign of drill results will have to pile in as a tighter share structure with several people already holding with free shares will make for a lot of market orders going through if the drill results show anything like they have in the past.
I believe this play is much less speculative than others like Sidon who have yet to show any drill results, we're simply looking to confirm mineralization at our most exciting project while we're being given next to no credit for our Scadding property.
I think there's incredible blue sky here $1.50 is easily attainable if we see some continous good grades as this play will price in alot of speculation given the fact Canaco's currently valued at close to $1 B from a measly $60 million in 8 months.