GREY:CPYCF - Post by User
Post by
supra48on Apr 07, 2015 12:35am
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Post# 23602904
still time
still time I was in cec for a long time but got out awhile ago with a loss. I did buy mbc with the lefrtovers, it is in a liquidity position not unlike cec but it has a built mine ready to reach full production once it gets the funding behind it and it also own 2 other 100% properties.
A buy out would have a 10-.25 value imo with the new built mine and two other 100% owned properties. I have read there are only 16 Phosphate companies in the world so its not like the many gold juniors out there.
Yes it could go to zero but at least you have a muti million dollar built mine and properties to sell first.
https://the-gold-report.blogspot.ca/2015/04/MBAC-buyout-target.html