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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Post by todaypartlycloudyon Jan 20, 2015 12:41pm
190 Views
Post# 23339715

The value here is pretty plain to see

The value here is pretty plain to see
Bottom line here is that GCU has a 5M ounce gold resource at 1.07g/t (not very different than Probe's resource of 2.32M ounces at 1.03g/t --excluding the 1.6M underground ounces at 5g/t)

In mining friendly Ontario, a $579M NPV at $1,300 gold (where's gold now?), where you are paying $3-4 per gold ounce. That's ridiculous value.

All these millions of shares have been traded over the last few weeks and the price has barely moved. Someone is accumulating big time. 

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