re: Ann: Successful Follow up Drilling New Zo...
Been going thru all the old Drill results for CGT and its bloody hard to find any hole without some significant mineralisation. The more ordinary holes have a couple of metres at 5grams or more with very few less than this but the majority have 2-5 -7 metres at 7-8 or 10 plus grams . but a hell of a lot of holes have a .5 or more intercept of very high grade in the 30-100 gram range. I,ve looked at many many drill results from a lot of companies and its very hard to find many with drill results this consistently good. Cgt with plant and cash soon to be a producer but with the market cap of a spec explorer with some reasonable results. MYG which i hold has a fully diluted market cap similar to cgt but has little cash and requires many 10,s of millions to get to production. Value wise CGT leaves it for dead but MYG is west ausie where despite a long list of failed projects the market doesn't crucify the whole state and all projects for the failures. Vic has a couple of failures and the market doesn,t want to acknowledge that Vic produced in the early years most of Australia's Goldl
CGT Price at posting:
51.0¢ Sentiment: LT Buy Disclosure: Held