GREY:RDEMF - Post by User
Post by
jjeeddoo7on Nov 04, 2016 12:20pm
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Post# 25425303
Slow n Steady 'R'
Slow n Steady 'R'We would all love a quick blast to the share price...BUT
Keep some part of your feet on the ground here...
We have only so much in reserves at this time and it is what the market sees.
Sure we all know that there will be much more ozs added with the deposits
near this project....so a steady drilling campaign is just starting.
We now own 92% of CBJ Gold and their Vetas project needs to be wrapped
with our CEO's arms and nudged forward, he knows what we have there, in
due time investors!!
CEO in 5 years, has taken this project from zero to hero, first gold pour is happening,
with 8-10,000 ozs this year. 70,000 ozs next year...this is amazing for a company (and CEO)
to hit every single milestone they have said they would over the years. no hickups!!
And they even tossed in a couples juicy surprises for us, like this new uplisting, to top it off
how the heck did they nail a single letter symbol..........."R"...........sweet!!
We are really close to being re-rated properly, with mine commissioning, first pour, commercial production, Lima stock exchange listing to allow the large investors there to not pay taxes in Canada or US, really shows CEO understands the market and actually cares about his shareholders future, the uplisting in Canada, and drilling happening this month,the future of the Vetas project and "R" now owning 92%of that project for about 10 million dollars in R paper, which CAPEX is about 57 million......massive win over Batero in that bidding war for control over CBJ Gold.
Bought this project because of some due diligence about the country of Colombia and the noise Continental Gold made down there. They may have larger reserves and possibly a larger mine, but we are mining and they are still dreaming. We have a 53% IRR Right now!!
CEO is a winneR'