OTCPK:CTNXF - Post by User
Post by
RatPatrolon Jul 02, 2020 9:40pm
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Post# 31218829
1/2 a Newcrest Share?
1/2 a Newcrest Share?At least 1 analyst has placed a value of $8 - $12 on each CGP share.
Cascabel is 1 of 3 largest undeveloped copper, gold, silver properties in the world.
The undiscounted value of Cascabel at today's metal prices exceeds $100 Billion.
Here are 3 facts and 1 observation related to a possible Newcrest offer;
1) Newcrest farmed into another CGP property, Cana Brava, in April 2019 and is partnering in CGP's Miocene project in Chile. CGP and Newcrest have a history, albeit short, of working together.
2) Newcrest paid $500 million for a NSR on Lundin Gold's Fruta del Norte MINE within a week of SolGold's ill-advised NSR agreement with Franco Nevada, costing only $150 million. Cascabel is NOT YET A MINE.
3) SolGold is not a legitimate underground miner IMHO. Newcrest is a legendary gold miner, evolving out of Newmont Mines, Australia. This company has applied technology and systems to the well-known block-cave underground mining method which would be used at Cascabel.
Observation / Postulation
Newcrest has no plans to maintain its present 15% ownership of SolGold.
And it may have a low interest in owning a NSR, even a very good one like Fruta del Norte.
Would Newcrest trade NSR's with Franco-Nevada?
(Would FNV trade for a bird in the hand?)
Would Newcrest offer to buy CGP with stock?
We c.....