RE: RE: someone lnto this????Ok guys - CAN has taken a big hit here over the past few days but common sense dictates that it is worth a whole lot more than $2.40 given the known ounces it has identified. The 43-101 by end of this year will prove its near term worth with a whole lot of drills still turning. With the amount of cash on hand, recent property acquisition and diversifed property holdings, it is destined for more than the Earle target of 8 bucks. That figure alone will be quickly revised upwards if the next couple of NRs on assays are strong. Further such NRs will only serve to continue driving it higher.
No one can state with certainty why the sp has fallen below 4 bucks - I for one am shocked, given the recent spike to 5 dollars. However, I am also aware that we have waited a long time for a decent NR on new findings and ultimately, I believe this is the reason why the stock has lost its momentum - the next NR, if positive, will point this in the right direction. Conversely however, if its of the weak vein and grade variety with speculative statements attached, I fear the stock will continue to perform poorly.....