CSQ Severely Undervalued
CSQ – Severely Undervalued CSQ was obviously damaged by the untimely drop in gold value. If you were to look at the general rule of thumb as it relates to gold in the ground, you would calculate the value of the company based on $200 (and yes, I know that there are other variables). per ounce or $60,000,000. That would translate to roughly $.46 per share. Half of that would be $.23 per share. Our current price of $.115 has absolutely no touch of reality to it. Hopefully investors will wake up and recognize the potential here and push the share price to the level that it should be at. Comments have been made about the size of this deposit and how no major producer would be interested in it. Those people should go and speak with Kinross who purchased Round Mountain when it was a discovery of 500,000 ounces and ask them for their opinion. You might also take a look at Rawhide or Mt. Hamilton for comparisons as well. Recent reports are that they have taken more than 10,000,000 ounces out of the ground there. Sometimes the biggest waves are made from the smallest of ripples. Let me just touch on those other variables for a second or two – road access, power and water…. These items alone can represent costs in the tens of millions for any developer. And let’s not forget that so far CSQ has only drilled on about 20% of the claim. This small insignificant discovery has all of those in place making it a slam dunk for anyone with their wits about them. CSQ has lots of room to grow in value.