Post by
FoolAndHisMoney on May 20, 2019 8:31am
CGP ANNOUNCES EXTREMELY POSITIVE PEA RESULTS FOR CASCABEL
The PEA is +\-35% accurate. NPV, after tax IRR are all good, but it is a conceptual level scoping study with a lot of optimistic assumptions (I have never seen one that was not positive) so we really have to wait for PFS and BFS to know for sure. Nevertheless it is a milestone a lot of people have been waiting for. Mineral resources in the ground will determine the true value. This is a really good start though. Im prepared to wait this one out. The eventual share price should be worth it.
Comment by
mystique1 on May 23, 2019 4:38pm
fooland........"extremely positive". Lol, sure jacked the price didn't it! A couple rock samples at bramaderos has done better,