GREY:CNSNF - Post by User
Comment by
krishakon Feb 23, 2014 1:06pm
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Post# 22239944
RE:Cap and Nunatak.....
RE:Cap and Nunatak.....BOBF: Krishak's has been sitting back enjoying the spike - and wondering what the catalyst was. "Value wins out" - eventually, that's one stock market truism which always seems to hold true, and I suspect that's what we are starting to see. As you said the transition in perception of Palmer from a potential mine to a likely mine, with the hugely profitable and neighboring Greens Creek mine as a value comparison, should support a stock price that is a multiple of the present price.
My pick for choice targets at Palmer would certainly include # 28 in the corporate presentation - Mr. Merrill Palmer with pickaxe on a Nunatek grab sample assaying 25.1% Zn, 24 opt Ag, and 5.8g/t Au. 25.1% zinc or 24 oz/t silver on their own would be extraordinarally high, but to have them both together, along with 5.8g/t gold, - it is the stuff of legends.
Good job they got their option awards before the spike, I am glad because they really deserve it, and it will enable Garfield to average down (he has bought stock on the open market as high as $0.53). It will be nice when the stock price gets back above Garfield's highest buy price. A nearer objective will likely be Teck exercising 2,100,000 warrants @ $0.16 by May 9, 2014.