OTCQX:CGTFF - Post by User
Comment by
ukermannon May 11, 2017 8:00pm
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Post# 26234523
RE:For What It's Worth
RE:For What It's WorthI hate responding to my own post, as I feel I'm jamming the board, but I'll consider this as a continuation of the previous note. Many of us have asked what are our Nevada properties worth? We're drilling, getting occasional "hits", but certainly no big GSV type finds. Who we are lines up more like NuLegacy (NUG). I'm an investor there, and I'm not pumping them, but the parallels are similar. Both Nevada, Carlin type oxides, large land holdings, and in their infancy of being explored. Both companies are led by top of the industry geologists as well as management teams. So I figure NUG is carrying a market cap of about $60 million (US), with our 160 outstanding, that would come to $.37 share (US). So, by my calculations between FG and Nevada our shares fully valued would be about $1.90, (US). A far cry from where they trade today. Feel free to comment if my comps are in error.