OTCPK:CRZNF - Post by User
Comment by
bilarooon Mar 29, 2019 12:26pm
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Post# 29554836
RE:RE:RE:RE:RE:RE:RE:RE:RE:buying at the lows
RE:RE:RE:RE:RE:RE:RE:RE:RE:buying at the lowsRCF has something that NZC doesn’t have-very deep pockets. They also own 41% of NZC.
And yes! I agree we wil one day get our payday. When and how much is what’s keeping many of us in suspense, while simultaneously putting us to sleep.
RCFs involvement does not guarantee that Prairie Creek will ever get developed but it sure doesn’t hurt.
They also get to appoint a board member. I don’t believe they have done that? Anyone?
When that happens, then it will be time to start paying attention again in my opinion.
Many of us are thinking in terms of financing occurring shortly after the permit for the ASR is in hand.
That may or may not happen this way. Our new CEO is an expert with a proven track record of getting projects like this up and running. We should be grateful we have him on board.
I owned shares in Prodigy, a gold mining exploration company that was doing exploration work on a play north of Wawa Ontario. Seemingly, completely out of the blue, they were bought out by Argonaut Gold. I made a very handsome profit having bought in at .30 and sold at 1.10.
That was 5+ years ago and argonaut still hasn’t put it into production but they are getting close. It’s called Magino, look it up if you don’t believe me. They do have a feasibility study done and have passed the EA.
Something like this could very well happen with our Prairie Creek play.
Although it’s been said, many times, many ways, (apologies to Mel Torme) this year could be our year.
I’ll save my Baffinland story for another day.