GREY:CGOOF - Post by User
Post by
Masterbuilderon Jan 23, 2018 9:37pm
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Post# 27420908
Nowhere to go but up with this strategy.
Nowhere to go but up with this strategy.This supplementary to my earlier post here when I expressed my desire to see CNL just keep drilling to expand the proven/probable reserves.
If you were going to sell this company to your partner (i.e. Newmont), would you spend money trying to become a producer? Or would you leverage your budget and focus on your core competency which is exploration/drilling and collaborating with national and local government?
If you didn't say "drilling", shame on you.
The beauty of this strategy is that the value of this company will just keep going up each and every month. I am good with that. The gold is not going to disappear and it is much smarter to push the scale of the future production operation to world class size, ideally in the top 10.
As a sidebar, I was always impressed by pictures of the Grasberg mine built in a high mountain region that was glacially formed. It is a testament to man's engineering abilty.
So, let's leave the big boys to the job of engineering this property into what it deserves to be, one of the richest "ready-for-production" gold mine sites in the world.
If anyone at CNL is reading this... keep the egos in check, keep increasing the reserves and get this company sold above its all time high of @$10.35.
At $15, you can have my shares.