GREY:CWNYF - Post by User
Comment by
tenpointon Feb 28, 2011 1:45pm
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Post# 18205956
RE: RE: RE: Strong Buy
RE: RE: RE: Strong BuyI got in at 8 1/2 cents and I believe the price was a steal. We may go to 8 or 8 1/2 again however I seem to think those days are done. Part of my DD was to consider the staggering costs to get a gold mine up and running. These cost are so prohibitive for most junior gold compnaies that they deal with just exploration and acquisition.
In short.....
Conway already owns The Belleterre mine which was once a producing mine back in the 30's-50's. There costs of production could be high but their overhead to get this mine up and running again seem well within reach in due time.
There is just so many possibilities here for investment purposes that even if Conway never got the mine up and running, the price alone of the gold in ground should make the stock considerably higher.
The 9 cent current sp is just way too low.
Conway company reminds me a lot of Cline mining "CMK" where they acquired an abandoned coal mine and have moved their sp from 20 cents to $3.75 since 2008. Anyways, GLTA and do what suits your investment style because it could go back down, but I doubt it.
Ten