Cascadia Minerals Ltd V.CAM

Share price is beyond too cheap at this point

[Heywood_Silvers]

If you take a look at the 2020 Q4 financials, you will note that $120 million was recorded as an impairment charge against the Rackla property.  That $120 million equates to 75 cents per share that is a phantom loss - it didn't really happen.

The share price right now is abou 1/7th the "real" equity per share.  The market is literally giving away this stock right now.  If ATAC were just a Nevada play, it would probably trade around 6 cents a share.  In effect you are buying 18 years and over $100 million in exploration endeavors at Rackla for about 3 cents a share.......when at one time it was trading at $10 per share!!

Did the grade or amout of gold change in the last ten years?  No, it did not.  All that happened was that management realizes that the delays for a tote road will be more than what they would've preferred and as a result they took a scorched earth approach to their Balance Sheet, unjustifiably in my view.  Oh, by the way Rackla wasn't writtne down to zero, wanna know why?  Because juniors often times experience hiccups and delays and the share prices crater.  But, that is only temporary until the projects get back on track.  I've seen it happen with other of my juniors.  Delays are encountered, the market throws a tantrum, but if you are a shrewd investor and willing to pick up dollars for dimes you will come out shining in the end.

Nevada gives us a floor, but Rackla will be what propels ATAC back to respectability once again.  I keep nibbling at shares at these prices - if the market is begging to give me effectively free shares, why would I object?!

[barringtondolby]

As I have mentioned before, you are the Eternal Optimist. We are not hearing a Beep out of Atac regarding what is happening re Rackla. It is still Atac's main asset, until we hear somthing positive in that area the SP will languish. Any optimism should be on the Nevada ops and Connaught, both long shots I think..  

[givemeabreak1]

Heywood you are asking question but sometimes you are asking the wrong ones and the answers are not what you are thinking! 1.  Ask how many shares were out at the time.  Less than half the shares so that alone would drop a $10 share price equivalent to about $4. 2.  Next question you should as did the follow up drilling prove up the promotion.  It did not.  While they

[Heywood_Silvers]

Yes, over time all juniors that advance projects increase their share count.  The question that should be asked is if the increase in shares has been accretive.  Has the ounces per share increased or decreased as a result of the share increase? I don't think enough drilling has been done at Rackla to definitely say it is or isn't worthy of being called a district play. 

[momyo]

The Yukon Party (conservatives) will win the next election in the Yukon. They won the last one but through bad luck and the way the vote was spread around the territory they didn't win a majority of the seats in the legislature. When they win, this stock will jump to 50 cents because they strongly support the tote road and it cleared the environmental assessment so it's shovel ready