RE: RE: RE: RE: RE: RE: Don't get fooled..........
Hey Ls5513, I thought I would throw something at you. Caracara goes forward with a drilling program. They drill an area that was previously drilled between 2004-2007. So do you think management thought they would find the giant elephant that the previous group missed? Or are they firming up the 43-101 that is already in place. My guess is the latter. An ounce of silver back in 2007 averaged $13.50 over the year. That same ounce has increased $20 ounce since that time. This adds an additional $260,000,000 increase of the value to 2007 proven resource based on the silver body alone. So we go forward to the milling stage, building a $50M dollar facility like Trevali –Santander's facility which is almost completed for a property very comparable to Caracara's PRINCESA property . Peruvian miners average $900 per month, 1/5th of what the average miner would make in Canada, also the fact that power is much cheaper in Peru, which in turn brings the cost of production way down. So let's say when all is said and done, and the 43-101 resource value is increased to $1,000,000,000 plus, we go into production, and in the end Caracara profits in the neighborhood of $200,000,000-$300,000,000 which could be very possible. Would our market cap be worth more than the current cap of $3.82 M? Canaco Resources $100,000,000 in the bank and no proven properties, has a market cap of $76,000,000. So let's say Caracara in the end scrapes a profit of only a $100,000,000 and ends up with a cap of $76,000,000 divided by 50M shares=$1.53 per share. So in my mind .38 cents per share should be very obtainable in the shorter term. There is a very good reason Ansue Capital insiders absolutely gave away the farm for this project, and the why, rock star investors (Pinetree Capital, Sheldon Inwentash, Robert Disbrow, VP Haywood Securities, Sprott Capital, Coeur D'Alene Mines Corp) control the majority of the shares of Caracara.
Just my thoughts, Luckygreen