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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
Post by CaptainHindsighton Jun 22, 2011 2:42pm
546 Views
Post# 18751580

ATAC SHARES GROSSLY OVERVALUED By 350%

ATAC SHARES GROSSLY OVERVALUED By 350%ATAC may be the most overvalued gold stock on the CVE.  Just two years ago shares of ATAC were .8 cents per share.
The euphoric and parabolic rise in the share price of ATAC cannot possibly be suistained.  Euphoria will fade and reality will soon be priced back into these shares.

For a juniuor mining company with no earnings, no 43-101, no feasibiltiy study, and being more than a decade away from ever producing any gold, the risk/reward scenario looks absolutely awful for new investors..
With the end of QE2 June 30 2011, and as gold likely drifts lower after the Indian Wedding season, Atac shares which are out on a limb right now will crash back down to their unprofitable reality,  $2 - 4 per share!

Gold and Silver prices won't continue to go up parabolically week after week, month after month,  with the ending of the artifical monetary stimulous that led to such a sharp increase in the price of Gold.

ATAC shares are currently priced just below NDM - Northern Dynasty which has 50 Million ounces of Gold, 40 Billion pounds of Copper, as well as Billions of pounds of Molybenum, and is completely financed to their 2019 production date. There's no way in hell ATACs 43-101 will even come close to NDM.

Investors would be much safer and profitable finding the next Yukon penny stock poised to pop, or considering SSL - Sandstorm Resources, which is like the Next Silverwheaton but for gold.

The easy money has been made on ATAC, and chasing it now is unwise indeed. Investing in ATC now, is like investing in Bre-X, because of the rediculously gross overvaluation.
Bullboard Posts