Nuveen California Municipal Value Fund Inc T.NCA

RE:RE:Great article and it's prompted me to do some # crunching !

[aweigh]

I agree that the resourse update is a bit further out than I would have thought however I don't know how important that is to a takeover. The ore body here isn't that exotic , unlike a Pretium for example, so I suspect that the vast majority of Co.'s operating in California and Nevada will know exactly what they are looking at after only a few hours examining drill plan maps. Regardless of what technical info a Co. may need to make a buyout offer of a Co. that's sitting dormant I'm a big fan of drilling as it seems that nothing gets people or Companies moving faster than some really good drill holes. Slide 14 indicates we will be drilling phase 1 & 2 until June/17, for our resourse update I presume, and starting in Jan/17 or thereabouts we will start a new phase of exploration drilling. And I think we still have dozens of holes still to be assayed and another 5 or more holes to be drilled under the current program.
Lots of catalysts for a price rise and a takeover still to come.

truthtotell wrote: I see in the timeline slide in the Denver presentation that a resource update is planned for Q4/2017 which surprised me.  I would have thought that a resource calc done by year end to incorporate current drill results plus say $1250 gold would show a nice (20%??) increase. Slides 28 and 29 certainly show that NCA should be a takeout target and with Mesquite Mine just down the road and getting low on reserves, yes New Gold is the most likely candidate.