CDV 0.00% $1.08 cardinal resources limited

Conceptual target upgrade 4.8M-8.3M ozs. gold, page-120

  1. 139 Posts.
    lightbulb Created with Sketch. 4
    some of the comments of late are missing the point,

    CDV is currently a developer of potentially a significant gold deposit, in a well established gold producing country/region,

    some of the drill results have been ho-hum, but most have been good to very good on wide spacing, so i will continue to hold,

    what the coffee deal does, is it puts a real valuation on realistic mineable Oz's in the ground,

    granted it was for scrip, in Nth America and an advanced project, it was still around $100 USD an Oz (approximation - correct if wrong!), so whatever your view on the potential of the resource here, this is a recent example and a significant sign of where we are in the cycle,

    companies are starting to acquire projects for real cash/value for share holders, some with exploration potential only and some are resources in the ground, a 180 turn from where we were 1-2 yrs ago, where only the brave were willing to take a bite at the bottom of the market for bargain prices,

    note the link to brent cook as well,

    http://www.mining.com/web/natural-resources-looking-into-2016/

    also when talking about the Namdini project i think we forget that some of the early drill results (before the additional ground was acquired) were pretty good, will help early in the project,

    good luck,
 
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