CVY 0.00% 11.0¢ coventry resources limited

investor presentation - 25th august 2011, page-15

  1. 1,053 Posts.
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    Talentless,

    You seem robe forgetting that no matter how many resource onceswe are talking about this is still pretty much the cheapest gold stock per resource ounce around and that is before a significant jorc upgrade.

    You also say that all this gold is under some lake system which I find interesting give this is an one pit mining operation that is being proposed.

    Lastly if you had taken some time to read some posts on here you would realize that the $60m+ that is requred to build a processing plant required to process 75,000+ ounces per annum has been widely discussed but with an extraction cost of $600 the time to repay that cash is not significant nor will be the difficulty of the company sourcing those funds once the mining permit is in hand.

    Additionally we envisage that it is most likely when seeking those funds that this stock will be taken over by a bigger player who has extraction experience.

    If you had any stock in this company I would happily take it all off your hands however I see you are yet to be a holder.....I will enjoy coming back to remind you of your negative post over the coming year as we move higher.
 
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