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Bullboard - Stock Discussion Forum Cayden Resources Inc CDKNF

GREY:CDKNF - Post Discussion

Cayden Resources Inc > Mexican Gold
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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.
Comment by goldpolka on Apr 17, 2013 11:43am
Yes.  I think it's at moments like these that most retail investors get slaughtered.  Need to just tuck this away, and hopefully management does their thing.  The Gold Panic of April 2013 will abate, and most will kick ourselves for not loading up when the sales were on.  Just remember March 2009, and now where we are.  Max doom = time to buy (unless you think Gold is ...more  
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