OTCQX:CNSNF - Post by User
Comment by
krishakon Jul 28, 2017 9:43am
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Post# 26520853
RE:A Second Wind
RE:A Second Wind
Definitely a second wind and much more in the making. The price of a share of CEM is about the same now as it was 3 years ago following news (7.22.2014) of 22m of 4.1% zinc, 2.5% copper, 24g/t silver and 0.39g/t gold. Yesterdays headline drill result was 205% longer, zinc was 180% higher, silver 160% higher, copper and gold about the same.
So the market is giving us no credit for the new intersections which "dramatically increase the width and grade of mineralization in this area and also indicate excellent potential for further expansion to the west." No credit - yet. However, as you noted, our most influential shareholder has taken note of the new results and responded accordingly.
For me, the most value-adding part of yesterday's news was Garfield's comment below:
"This new high-grade silver-gold intersection at Nunatak confirms the potential for Palmer to host significant precious metal mineralization, which is characteristic of other Late Triassic VMS deposits in the region such as Greens Creek, one of the largest and lowest cost primary silver mines in the world." When investors understand that Nunatak, CAP, and other outcrop VMS targets are essentially no different from the intitial target that was drilled into an 8.1 million tonne NI 43-101 compliant resource that secured a 4 yr $22million funding from Dowa they will start to connect the dots. The dots lead to additional Dowa-like JV's and funding to explore the other VMS targets and the rationale behind Tognetti's unswavering commitment to Constantine.