OTCQX:CNSNF - Post by User
Comment by
krishakon Sep 06, 2014 1:38pm
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Post# 22912694
RE:A dollar you say
RE:A dollar you say$1 or more is likely if Constantine becomes a story stock. That could happen if there are some spectacular drill results. I saw that happen twice with Goldquest (GQC). The first time was June 6, 2007 when they reported 142m with 2.5g/tAu, 2.59% cu, and 1.91% Zn. The stock was $0.36 on 6.5.07 and jumped to $1.80 on 6.6.07, for a 500% gain in one day. Second time was much greater, the stock was trading at $0.06 on 5.23.12 and was up to $2.03 by 8.21.12, a gain of 3,300% in 3 months. The trigger that time was 142m of 2.5g/t Au, 2.59%Cu, and 1.91% Zn. For CEM the story kicks in when analysts start talking about Palmer's location. It is in the same belt of rocks as Windy Craggy, (the world's largest VMS), and Greens Creek, (the worlds richest VMS) Greens Creek was valued at over $1billion when Hecla completed their purchase of it in 2008. Garfield has suggested that Palmer could be bigger than Greens Creek. So continuing the story, Constantine's market cap is $26million. That is $1,000,000/26 = 38 X less than the value of Greens Creek - lots of upside potential in this one if drill results start to validate a Greens Creek comparison!