OTCQX:CNSNF - Post by User
Comment by
krishakon Jan 09, 2015 10:21am
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Post# 23301771
RE:The market is waiting.....
RE:The market is waiting.....Bob: Your patience will be rewarded. I spoke with Garfield yesterday, and some news is "imminent" although the new resource # is not expected before the end of Q1. The geology of the conductive plate is far more complex than it appears on the web site and has a fault, but they seem to have gotten a good handle on the layout. The plate will be the focus of work this year, as it is expected to provide the fastest build up of the tonnage needed to have a mine. They are working on making a portal so that development of Palmer will not be seasonally limied and CEM will no longer be a "summer" play. However this is unlikely to happen until 2016 at the earliest.
One of the reasons I called Garfield was to talk about the gold projects, because gold has started to respond well to the currency instability and Constantine has some very attractive gold targets, ready to be drilled - as soon as funds become available. My sense is that the Palmer project is going to be sufficently big and exciting to provide leverage needed to secure funding for the gold projects. Garfield is very sensitive to shareholder dilution, so this is unlikely to be an issue.