OTCQX:CNSNF - Post by User
Comment by
krishakon Sep 07, 2014 11:43am
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Post# 22913647
RE:RE:RE:RE:RE:A dollar you say
RE:RE:RE:RE:RE:A dollar you sayI remember talking to Garfield in early 2011 when Palmer was essentially dead, "there is no interest in base metals", was Garfield's reply when I asked him about Palmer. Gold was the only focus at that time, and those days could easily return. Constantine as a gold and base metal's play would have a future growth potential way beyond anything we have at present. The Royal Ontario Museum has the potential riches of Croesus on display - 11,310 ounces/t., the highest grade gold ever mined in Canada. Most gold companies would be salivating at 11,310g/t - & delighted with 11.3g/t. Croesus has unbelievable gold riches - if the continuation of the vein from mining in the 1930's/40's can be located on the other side of the fault which truncated it. Garfield's family has been associated with the Croesus mine for 3 generations & apparently Darwin is eager to re-initiate the search for the truncated high grade vein.
I hope Garfield takes advantage of any results-induced spike in the stock price to do a financing. That would likely boost the stock price if it was done in a way to highlight the companies gold prospects and to obtain funds for gold exploration - it would be an opportunity to show investors that CEM has much more besides Palmer. Goldquest financed too early, (@ $0.15), when the stock spiked 3,300% from $0.06 in 2012. Garfield won't make that mistake as he is very sensitve to share dilution, and unlikely to do anything at present prices. I talked to him about doing a financing to pursue the gold projects about a month or so ago. He had no interest in doing anything unless the stock price was significantly higher. I asked if $0.50 would make a financing worth while and he said, "that's more like it".