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COLOMBIAN MINES CORPORATION V.CMJ

"Colombian Mines Corp is an exploration stage company. It is engaged in the acquisition, exploration and evaluation of assets in Colombia."


TSXV:CMJ - Post by User

Comment by churchfiloon Mar 13, 2014 2:59pm
272 Views
Post# 22319444

RE:I have been watching colombian mines co...

RE:I have been watching colombian mines co...I've been following for several years and holding for a couple of years - it is possible it will go lower - I added last time it was down to ~ .25 - I think that was a real bargain - and will add more if it drops that low again (I think it is very undervalued at current levels - I'm thinking +.50 looking at current values of other CO companies - I follow +20 but only own 3 - CMJ is my largest holding) CMJ is very tightly held with a low float which causes some volatility - so your answer is dependent on how long you hold it - short term depends on playing the market (which I don't really do and won't comment on) - long term depends on the company (which is very strong) and their long term outlook (current projects and what is in the pipeline) is also strong. Dovio is a model of what they hope to do. Long term I expect it to go up. Do your DD - with particular attention to control of the concessions - CMJ has 100% of most projects - with less than 100% in projects CMJ has chosen to JV. Again - Do your DD - but I think CMJ is a good value at this level
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