California Gold Mining Inc CFGMF

Moriarty loves this stock

[Edp007]

https://www.streetwisereports.com/pub/na/california-gold-resource-released

"So I'll climb out on a limb. California Gold has a 43-101 and historic resource in excess of two million ounces of gold in a gold district with hundreds of known veins. Any major or mid-tier not looking at them is going to miss the boat. They will get taken out and it will be for a lot more that $7.50 an ounce of gold. Their land position at Fremont is worth more than the entire market cap of the company. There is as little risk to buying CGM at these prices of any gold company I know.

I liked the story enough to go out in the open market and buy a lot more shares and I participated in their latest PP at a price higher than the current market price. Investors may not get it but I do."

[juniorbullalive]

This post has been removed in accordance with Community Policy

[Tradernick]

Moriarity loves this stock...cuz' he owns this stock and has for a few years.  It has struggled to raise capital outside of its own board.  Awaiting news to the upside.

[Cowboyboon]

News out today. Assay results from Queen Speicmen. Promising...these guys are starting to demonstrate continuity of mineralization along strike. I can see the resources expanding considerably over the next few months.

[goldlover11]

Hey Cowboy - any idea of what kind of resource they are looking for to bring it to production?

[Cowboyboon]

Goldlover11...I just spoke with management. Says they are pretty far from production. Wants to increase current (900K) resource by 50% this summer. Should happen based on todays release.

[FastFF]

That's because they pay Moriarty, a senile old geezer who track record is terrible. But you're correct - this is far from production, like maybe a 100 years.