RE: USD 500 M vs. CAND 40 M... Riddle me this Eigen337.........forget Lossan their must be a big difference, the big picture here is Xstrata just paid $500,000,000 million in cash for this non-working property with a 100 million or so proved and a non-working mine......nothing there......it's property only.
Currently CMK (New Elk) has over 400,000,000 million reserves ( 4 x times a much), a fully upgraded state of the art 2012 mine facility and plant, over $200,000,000 million in capital assets (new miners etc) already on site and either brand new or less than a year old, New Elk has just shy of $60,000,000 in cash to boot.
CMK is trading today for $345,000,000 ($1.66 x 208 million shares) TOTAL less cash = $287,000,000 (ALMOST HALF THE PRICE OF THIS LAND ASSET JUST PURCHASED IN BC.
WHAT AM I MISSING SOMETHING HERE...........WHAT IS CMK REALLY WORTH IF LAND ONLY IS 500M,
IMO - Huge manipulation on this stock by shorters....beware... and they will get caught with their pants down when a buy-out hits with no warning, big losses for the shorters can't wait....eat it up now because you will be paying it all back when your caught..........I cannot wait as this mine is work 1.5 billion or $7 a share in a blink of an eye for a major.
Coop.