Issue with CST is the long period of nothing meaningful to be announced. The break in the drilling program has impacted sentiment and its back to ground zero. Current MC is $35m yet there is $14m in cash so what's this project worth? Only $21m with those Au & Cu grades wow wee. Something is out of sync here.
An updated resource statement followed by the PFS should be the two big announcements due this qtr. Followed by what I'd expect to be a very aggressive drilling program looking to add to the resource.
CST Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
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