Post by
goldpolka on Apr 15, 2013 1:40pm
Mexican Gold
While gold slide is disappointing (perplexing ?), with Goldcorp's costs running in the mid 500's per oz, still lots of profit for Mexican gold mining. Would seem that CYD is really "one sale now", ex cash of $17m, at $0.80 you get the rest of Cayden for $15m (land Goldcorp needs to expand their mines, and other drilling opportunities). Seems like a fairly decent bargain, IMHO.
Comment by
Berzy on Apr 15, 2013 2:04pm
And with Torex still finding gold in the area there is a lot of potential for upside. https://www.stockhouse.com/companies/stories/t.txg/8795155 https://www.slideshare.net/ViralNetwork/cayden-resources-broshure Disclaimer: I don't own Torex, just NES and CYD.