Wondering the next move?
Galway shareholders should really have a look at the structural study that SRK did for CB Gold. The summary of which was posted on CB’S website as part of their June 2012 geological presentation. The hard, raw data and numbers prove why CB is grossly undervalued based on what they’ve proven to date.
The numbers don’t lie, and basically, the vast majority (about 80%) of the intrusive in Vetas lies on CB’S 100% owned property, Real Minera.
So, not only does cb have high grade veins on their Vetas properties, but CB also has a huge porphyry-hosted intrusive which Galway’s Vetas spin Co. really does not have.
Keep in mind that the El Dorado vein that CB has drilled extends for more than 1.5 kilometers and is believed to contain over 1.5 million ounces.
So that one vein alone will contain more gold than all of Galway’s Vetas assets.
This is another reason why CB is significantly under-valued at current prices and is a compelling buy!!