Condor Resources Inc V.CN

Alternate Symbol(s): CNRIF

Metals & Mining Industrial Metals & Minerals

Condor Resources Inc. is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company’s flagship Pucamayo project is located 185 km southeast of Lima and covers an area of approximately 85 square kilometers (km2). Its other project includes Chavin, Soledad, Quriurqu, Huinac Punta, Humaya, Andrea, San Martin, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 14 km2 within the central Andes mineral belt in northern Peru and is host to a polymetallic vein system. The Company’s Soledad property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes. The Quriurqu property is located in the Department of Ancash, northern Peru approximately 10 km south of the Soledad project. The Huinac Punta is about 65 km south-east of the Antamina mine. The Andrea project is located in the south-central Andes, at elevations ranging from 4100 to 4600 m, approximately 480 km south-east of Lima.

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Condor Resources Inc

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Comment by Crashcomingsoonon Oct 26, 2020 2:51pm

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Post# 31782626

RE:RE:Share price

So, Barrick's offer was based on 5M oz gold (which turned out to be more). If CNRIF had a similar offer at the 1996 POG (when Barrick made the offer) and using the 122M CNRIF shares outstanding would result in a share price of $1Billion / 122M = $8.19. Then assuming half of today's gold price or say $1000 / oz would mean an offer of 5Million oz * $1000 = $5Billion which would be about $40/sh for CNRIF. Factor in the possibility of $3000/oz gold and 10Million oz of gold and it increases the value 6 fold.or $240/sh. Is that really possible or have I missed something ?

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