OTCQX:CGTFF - Post by User
Comment by
AltaRounderon May 15, 2017 10:54am
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Post# 26244528
RE:RE:RE:RE:RE:For What It's Worth
RE:RE:RE:RE:RE:For What It's Worth Ukermann. I think the FG pit constrainted resource could draw a 650MM/cdn bid in this market. It will be really interesting to see what CBG drills up at Gustave that they started in February. I get the sense the Bluesky potential of FG is very high and a nice optionality for potential investors.
On another note: I found the Newmont private placement with Continental Gold at a premium bringing their total holding in the company up to 19.9%, very interesting. If initial indications from FG and Eastside drilling have been favorable - I wouldn't be surprised to see CBG doing a similar placement with IAM gold. This would put Nord in a tougher position and provide funds to add oz,s quickly, this year. Of course anything could happen as the Integra deal confirms.