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Boardroom Media interview, page-3

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Blazw

262 Posts.

51

30/07/19

08:04

Post #: 39750010
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Originally posted by MajorJohnny: ↑

Still relatively unknown sums it up , have received a confirmation that further drilling results will be released shortly .
In the meantime stock price action will continue to be mind boggling .
In June $ 4 million in Bank , just under $ 2 million in listed Investments in Pacton Gold in the TSX . Two Rigs drilling in the next few weeks , Capex that they are looking at is under $ 100 million which they think much of which will be debt funded . They need to get their market cap up which is currently $ 50 000 000 up to reduce dilution , peers at similar stage $ 140 to $ 150 million . Gold Price is sensational , cupboard is pretty bear with new gold developers coming through in Australia . If in production they would certainly not be a $ 50 million company .

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I assume peers refers to CMM, EAR have a $100m plant already so that justifies their MC but why do we see a disconnect here? They have 45mt for just over 1g/t. Calidus sits on 21mt@ 1.8. Not sure what I'm missing here but I'd much rather move less dirt with a higher value than more dirt with lower value.

CAI Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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