RE:Colombian Mines Corp towards $0,50I agree with your assessments SirJay!
The IFC Funding is a huge accomplishment and does not add free trading shares at this point as the IFC is a LONG term holder, typically 8-15 years based on their website. I don't think many people realize how important this development is to CMJ. They have essentially now secured current and future funding with a partner with extrmely deep pockets. Our potential downside risk has just dropped a bunch. We need to remember that TECK is also a large shareholder and partner too.
The ~ $2.5 M raised here will get CMJ back to drilling at El Dovio early in the New Year I would guess. They will also be able to send crews to Mercedes to rapidly advance that high grade prospect to "drill ready" point next year as well.
Things are all coming together for this small company, and I fully anticipate we will see 50 cents+ in Q1 2014 as well.
GLTY,
OF