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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 yoplaiton Sep 26, 2012 3:51pm
303 Views
Post# 20417303

RE: How do they get away with this?

RE: How do they get away with this?

While I'm no expert there is no point in correlating the value of a gold exploration companies share price (yet to have a quantifiable resource estimate or production) with the the daily fluctuation of the price of gold...not that at times it may appear that a relationship exists.

 

The same thing applies to a juniour oil exploration company with little to no production.  It's all about defining the size of a deposit or oil reservoir.  Now once an oil or gold exploration company has developed into a production company or has a RELIABLE resource estimate then YES there can be a valid arguement of sp correlation to its daily resource price. Suncor, Goldcorp...you get the idea.

 

ATAC is not there yet...the only things that influence this stock at this early stage is news of drilling results, takeover speculation, share dilution or change in sentiment just to name a few...but NOT ESSENTIALLY the daily ups and downs on the price of gold.

 

All IMHO

Bullboard Posts