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Canagold Resources Ltd T.CCM

Alternate Symbol(s):  CRCUF

Consumer Cyclical Metals & Mining Advertising Agencies Gold
Canagold Resources Ltd. is a Canada-based mineral exploration company. The Company’s projects include New Polaris, Nevada Gold, Windfall Hills, Corral Canyon and Princeton Property. The Company’s core asset is the 100% owned, past-producing, high-grade, New Polaris gold project located in north-western British Columbia. The Fondaway Canyon is an advanced stage gold property located in the Churchill County, Nevada. The land package contains 136 unpatented lode claims. It owns a 100% interest in the prospective Windfall Hills gold exploration project, located in the same geological belt as and 90 kilometers (km) northwest of the Blackwater-Davidson gold discovery in central BC. The project consists of the Atna properties, comprised of two mineral claims totaling 959 hectares and the Dunn properties, comprised of eight mineral claims totaling 2820 hectares. Princeton Gold Property consists of 14,650 hectares and lies 35 kilometers south of Princeton, British Columbia (BC).


TSX:CCM - Post by User

Canagold Resources Ltd
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Post by LondonMustangon Jan 17, 2023 12:51am
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Post# 35227089

Very undervalued gold development company

Very undervalued gold development companyNo doubt the rights offering has held Canagold back but once in the rear view investors will realize just how undervalued this company is. The PEA uses a $1500 gold price and the NPV after tax was $469mm Cdn with an IRR of 56%. For every $100 increase in gold price the NPV increases by $90mm Cdn so at today's gold price of $1900, NPV would approximate $800mm+. Even with an inflation adjusted Capex 50% higher, Capex would still only come in around $225mm Cdn. Factor in a new experienced management team (Sun Valley Investments) who are driven and funded to move the high grade (10.2 g/t) low cash cost ($433/oz) New Polaris project (in one of the safest mining areas - B.C.) to a feasibility study, this is likely the most undervalued gold development mining company out there. With a market cap of just $25mm and trading (Gold @ $1500) at just .05 NPV Canagold Resources (CCM) is an absolute steal at these prices of $.18 - $.19 IMHO.  PowerPoint Presentation (canagoldresources.com)
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