Post by
4x4 on Feb 08, 2010 2:04pm
Value.....????
Well it looks like from the holes they are pulling out and assuming they can extend the deposit, 4 million oz on Kiaka is not unreasonable to assume. The Nassara property is looking to be a very nice with one hole 15m of +4g/ton (last NR). What I find exciting is these holes start at surface or near surface.....and seem to have a good relationship with the locals.
This project is shaping up to be very similiar to CPQ which was recently bought out be Goldcorp (CPQ did have silver credits though in the resource). Goldcorp bought the main resource and they spun out the remainder of the properties into a new company.....
I can see Kiaka being bought at $75-$100 per oz in the ground ( 4 mill oz x $75/oz /+/- 100 mill shares = $3.00 / share) and we still have Nassara and their other properties to explore.......????? guess time will tell.....
Most big companies like to see the NI 43-101 complaint resource before moving, which is expected in June....
so enjoy the comming months.....lot of news on the horizon....from several of their projects......
Comment by
tdsb on Feb 08, 2010 8:08pm
Yes we have value here with almost no risk, what does it take for people to see the obvious.People are scared but that is an investors dream when buying. I for one am fully invested now.