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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 flayeron Oct 10, 2011 4:34pm
386 Views
Post# 19135121

RE: How bad are we undervalued???

RE: How bad are we undervalued???What do we really have to justify a $350 million market-cap? We have perhaps 1 - 1.5 million oz's at Tiger at one end of a 140km long trend, and a few dozen holes punched at the other end with some interesting grades/widths. I've always used the measure that a company sporting a 1 million oz deposit (with blue sky exploration potential) should have a market-cap of at least $60 million - not exactly a benchmark, but it works for me. It can be argued that ATC is still grossly overvalued for what it can currently show........ But 140kms of favorable geology, one deposit that is in the process of delivering a resource estimate, another deposit that is showing good grades/widths (Conrad), a third deposit that has good tonnage potential (Osiris), and two arsenic, thallium, mercury, antimony soil geochemical anomalies named Dale and Pyramid, located 12 km and 24 km to the west of the Osiris Zone........that's where the real potential is right now in my mind. If we have two more deposits to add to the list, we have further validation that the Carlin theory is alive and well. This alone makes ATC worthy of a large premium above and beyond what it can demonstrate thus far. I'm still long this stock, though I did take some off the table as it began breaking down. If you still believe in this story, it might be a big mistake parking yourself on the sidelines as news continues to filter in from the lab......especially regarding the 'Pyramid' anomaly!
Bullboard Posts