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Carlisle Goldfields Limited T.CGJ



TSX:CGJ - Post by User

Comment by takeiteasy3on Nov 29, 2014 12:08am
140 Views
Post# 23176568

RE:Abraham Peter Drost

RE:Abraham Peter DrostI wonder how the cgj management did a so bad deal... It looks like lack of skills... I have a good example of a similar project that was appreciated at the correct value: B2Gold completed on Oct. 3, 2014 the acquisition of Papillon Resources Ltd by buying 352M share of Papillon at 1.6$ per share for $570-million. The resource estimation at Mali-based Fekola gold project is 5.1M ounce of gold. The capital cost to build the mine is US$292-million, according to a pre-feasibility study, while all-in sustaining costs are expected to be a very low US$725 an ounce. Then what I can say, Mark Connelly, managing director and CEO of Papillon is a skilled manager and Abraham Peter Drost has to learn from him.
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