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St James Gold Corp V.LORD

Alternate Symbol(s):  LRDJF

St. James Gold Corp. is engaged in the acquisition, exploration and development of mineral resource properties located in Canada. The Company holds a 100-per-cent stake in 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.’s Queensway North project; and a 100-per-cent stake in nine claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. Its Grub Line property is located 3.5 kilometers west of the town of Gander, NL. The Quinn Lake Property comprises two contiguous mineral licenses totaling 700 hectares (ha).


TSXV:LORD - Post by User

Bullboard Posts
Comment by LongonZincon Feb 07, 2012 1:48pm
210 Views
Post# 19500647

RE: RE: RE: RE: RE: RE: RE: RE: Be careful what yo

RE: RE: RE: RE: RE: RE: RE: RE: Be careful what yo

No you did not really touch a nerve, as I'm used to your manipulative mis-truths.  You stated that prior to the silver "discovery" your buyout price was $2 per share based on the NPV contained within the PEA for the Alaskite Zone.  My point is simple, look at the PEA base case $19 moly and 5% discount, NPV=505 million.  At $15 moly and the 5% discount the NPV -81 million.  My point is that you can not rationalize in any way or form that includes logic and economics that the current fair market value of CBS is 100s of millions when at current metal prices the NPV of their defined asset is negative.  I dont disagree that company could eventually be worth 100s of millions (e.g. moly price goes to $50-75), or they discovery some viable deposit.  Bottom line is the market is showing you what the fair market value is, and it is not much.

Bullboard Posts