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Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Comment by stockarchangelon Jan 24, 2012 2:56pm
267 Views
Post# 19443098

RE: Gold

RE: Gold

OK, my two cents. The only other bits of news that we could have realistically expected to receive this week were more assays or TSX update. The former are subject to Lab timetables, the latter to TSX paper shufflers, neither of which are in the control of management. I kind of like the idea that defining one's assets, getting out a resource estimate and feasibilty study are top priorities. In situ valuations are fickle. Inferred, indicated and measured add $50-$70 per ounce to the market cap. A sober guesstimate of the upcoming resource numbers is that they will probably not exceed 2.5-3.0 million in these categories. A huge suprise would be estimates of the proven and probable kind.  The real value of CAN is to get to actual mining as soon as possible, when suddenly those valuation numbers turn into profits of $1300 per ounce. I'll admit I'm not necessarily a fan of dogs, some members of IR or management, but I don't see what else anyone was expecting. This IS a long term hold with rewards to those that have patience and an 18-24 month timeframe.

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