Constantine Metal Res Ltd Common CNSNF

RE:RE:RE:PEA timing

[MisterMarket]

Johnson Tract probably represents half of CEM's value.  Its acquisition is the equivalent of a major mineral find for Constantine.  Not knowing the ratio for the spinout makes it hard to put a value on CEM shares.  A 1 for 2 ratio would give HighGold a tradeable float of nearly 20 million shares and provide the new company with liquidity.

Constantine will probably keep some HighGold for itself.  CEM's total spending on Johnson Tract and the Timmins properties is probably over $1 million by now and more will be spent to spinout HighGold.  Often a parent company will keep 19.9% of the shares of a spinout co.  The HighGold shares held would give CEM value and mitigate the effects of a sell-off after the spinout.