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Columbus Gold Corp CGTFF

"Columbus Gold Corp operates in the gold mining industry. The company acquires, develops, explores and evaluates gold in French Guiana. It owns two main projects and other projects. Montagne d'Or Gold project which is comprised of eight mining concessions and Eastside Gold project hosts a large area of shallow oxide gold mineralization. It principally operates in three geographical areas those are Canada, United States, and France."


OTCQX:CGTFF - Post by User

Comment by eebleron Oct 05, 2017 2:21pm
217 Views
Post# 26781996

RE:The Value of Allegiant

RE:The Value of AllegiantThat is the question....is this a screaming buy or are we going to be left howling at the moon?

At this point I've been in so long that I am thinking I might as well see this through to at least the spinout, and then evaluate again based on construction decision and other factors.  With the private placement for Allegiant they should have enough $$ to turn drills for at least a year, which if the results are good would go a long way to improving the resource estimate for Eastside.  

Unless there are some notable updates, at this point it is possible to assume that CGT is going to get hit with tax-loss selling since the current sp is lower than any other point this tax-year.  Based on construction decision and what tax-loss selling does, CGT could be in the same price-range it was this coming December as it was last December. 

Hindsight being 20/20, one has to wonder if CGT would have been better to raise the funds themselves (despite dilution impact) in order to keep control of M D'Or.  When you dance with the 800-lb gorilla sometimes you have to expect to get squished.  

I will be  interested to see if there is going to be a resource update prior to the construction decision and if they will publish an updated BFS based on potential areas of optimization that they had identified in the original BFS.




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