CAN ReportWith a Market Cap was over $1.2 Billion and is now just $261 million. This is the type of stock you want to wrap your hands around and choke. But if you bought it low or have lowered your buy in price while it is still low, you are going to make a killing when it moves up. For starters, let us take a moment and determine what the current value per share is and where it could go. If you look at the facts without any bias, the share price should and will be much higher. I like this stock and couldn't agree more with those who see this stock moving higher. CAN.V is in a strong position and ahead of the curve on numerous fronts. They have over $120 million in cash and remain Debt Free. They have a first-class drilling program in place which they have allocated $3.5 million monthly towards. . Financially they are strong and this will allow them to move ahead with a first-class drilling program and yield strong results allowing them to establish and update the proven and probable reserves for the Handeni Gold District. An initial resource estimate will be released in the first quarter of 2012 which is a short time horizon to wait. The release will have a dramatic and immediate effect on the stock price and will cause the share price and market cap to surge. For every million ounces of gold and lets use a price of $1650 (will go to $2000) that is 1,650,000,000 (1.65 billion in revenue) divide that by 200 million shares and you are looking at $8 of revenue per share ($10 at 2000). If they have 2 million ounces you are looking at $16 of revenue per share ($20 at 2000). If they have 3 million ounces it comes to $24 ($30 at $2000) of revenue per share and so on. With strong assays in November and December, it could easily be in the range of 5-9 million + ounces. That comes to $40 - $80 of revenue per share. That is why CIBC is maintaining their rating at $4.50 a share. It is a low ball estimate and they are taking a cautious approach to the share pricing estimate. The return on this stock in 2012 is going to be amazing.