Post by
arh0070 on Sep 14, 2020 8:41am
Canamex
Researched Canamex in some detail.Management a total scam interested in raising money from a crypto firm in Malaysia .Never going to happen .Guy in charge is not a geologist but an aerospace engineer .The Bruner mine looks extremely promising which if the results are believable has a cost to build of 30-40 million and a payoff in less than a year .Buyback of part of Patriots royalty (1%)on the Bruner mine is worth 5 million .2/3rds of Patriots values .With money easier to raise one would think someone like Sprott ,even Northern Vertex would buy the Bruner mine and develop it .No way Canamex will .Probably could steal it for less than 5 million .Canamex is not trading right now and looks like it is bust .Not sure if they ever got the water well that they need .The people at Patriot need to give Eric a call ,I bet he would be interested it would appear to be a no brainer and not that far from his other privately owned US gold mine .some drill cores from the Bruner mine were relatively long and high grade .
More volume on Patriot last week ,someone is still trying to suppress the price but gradually loosing control due to the incredible economics of Patriot being recognized.I am going to buy as much as I can at these prices below 10 cents ,just a no brainer .