OTCQX:CGTFF - Post by User
Post by
ukermannon May 11, 2017 3:28pm
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Post# 26233226
For What It's Worth
For What It's WorthNewmont made an "investment" today in Continental Gold going up to the ceiling of 19.9% at a cost to them of $109 million. That being said, if one were to extend that offer thru (x 5) we come a value of $545 million.
Now, why is that important to us? I see lots of simalarities, starting with proven and probable z's coming in at 3.7 million. They're undergound, we're up top. They also need to build it out, like us, although I would imagine our needs being above will be cheaper. So assuming 45% of the $545 million valuation, if it were us, would leave CBGDF $245, or about $1.53 a share US. That would not include Nevada. Kind of a barometer of where the market is at.