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Condor Resources Inc V.CN

Alternate Symbol(s):  CNRIF

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.


TSXV:CN - Post by User

Bullboard Posts
Comment by Crashcomingsoonon Oct 26, 2020 10:02pm
111 Views
Post# 31786300

RE:RE:RE:RE:RE:RE:Share price

RE:RE:RE:RE:RE:RE:Share priceYes, I feel more comfortable with a lower price target and taking it one day at a time and not looking too far ahead.  We don't know what the drill results will yield.

As an aside : Based on the following article, Barrick paid $200/oz for Arequipa gold. Gold is selling for almost  $2000/oz today.  Any offer would be say $1000/oz.

Arequipa intensifies drilling as Barrick waits : https://www.northernminer.com/news/arequipa-intensifies-drilling-as-barrick-waits/1000096876/

Excerpt : 
 Barrick has stated that it is basing its bid on a resource of 5 million oz

We can compute : $1Billion / 5Million oz = $200/oz
Bullboard Posts