TSXV:CAV.H - Post by User
Post by
colt451on Apr 30, 2015 1:11pm
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Post# 23681201
I'm a buyer @ .01/share
I'm a buyer @ .01/shareI just realized something weird - the formula currently values 1% point to 100M cash contribution. So essentially to get 10% Kores would be required to spend 1 billion more on the mine. I think the max they'll be able to exploit the cost-overun formula will be down to 5%, which should easily be worth 100M.
I have a pretty small position in Baja relative to my portfolio, but I think I'm going to pick up more, this looks like a buying opportunity to me if it drops enough :D