OTCQX:CGTFF - Post by User
Comment by
ukermannon Sep 11, 2017 5:12pm
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Post# 26681924
RE:RE:Guistra should Hold FG but sell Allegiant?
RE:RE:Guistra should Hold FG but sell Allegiant?I'm somewhat amazed that Mr Market is not giving Columbus a valuation anything close to what we as shareholders know. Currently we have a market cap of approx $80 million. Consevatively, if one values FG at 4 million z's worth $100 per z, our 45% comes to $180 million. Nevada, and I compare them to NULGF, as they're very similar in many ways, should be worth another $40-$50 million, just by the news thats already been released. Nulgf sports a cap of about $57 million, and is hovering around the low end of its 52 week range. So if those totals are well over $200 million, why are we holding around $80 million?? Dosn't make sense....The market is totally dismissing the FG deposit as ever coming to life. Yet, we all know that a 4-5 million ounce deposit in todays eroding reserve base held by the big boys, won't go by the wayside forever. Thru time, this board has talked about the value of Columbus lying in the FG pit, with Nevada being a freebie. After the spin, how ironic will it be that Mr Market grants us our fair value thru Nevada and FG is the freebie.....