china railway signed mou w/buffalo b4 gfc hit!, page-2

"...CRRC will earn 82% with a total project investment of at least US$40,000,000 CDN...."

This puts a value on the whole company (at that time) of less than US$50m. Sounds to me like Buffalo were giving it away - maybe a sign of the times.

I wouldn't get too excited as our market cap now is already about twice that figure.

The recent drilling results were high grade but the shares went backwards because the market was anticipating bonanza grades (i.e. 444g/t over several meters). Hopefully the market gets what it wants and the rocket boosters thrust us upwards out of this bullish 'cup-n-handle' formation.

I'm still very bullish on the outlook for this stock. And I think the cambo projects hold great promise for future/pipe-line growth. But all eyes will be on current drill results and PFS.
I think this will be IDC's year