Constantine v.s. Gold Canyon Resources.I own both stocks and on a 2-year comparaive chart CEM consistently outperformed GCU. However over the past three days GCU has rocketed higher and is now about 3 X higher than CEM. When GCU was trading at $0.11 three days ago, First Financial offered $0.35/share for GCU, which values the 4+million oz of gold the company has at Red Lake, Ontario at a paltry $11/oz, never mind the 26million oz of silver.
Neumeyer, (see link below), is a visionary, or perhaps he is just using common sense to see that when the world's central bankers have created more money in the last 8 years than in all of the 240 previous years there are going to be problems. Gols stocks on the Venture exchange are presently trading at their steepect discount to the price of gold in history. Neumeyers buying shows that the misspricing is starting to be recognized.
But what has all that got to do with CEM? My hope is that in the not-to-distant-future when Palmer has generated enough excitement to support a financing, CEM's gold projects can be merged with Carlin Gold. As gold prices spiral ever higher, the new company, Constantine Gold, will be easy to finance, as the proven success of base metals at Palmer is extended to gold. (Krishak's dream).
Sep 04 Keith Neumeyer's Gold Deal Binge
GMO