CDV 0.00% $1.08 cardinal resources limited

Ann: Feasibility Study Confirms Namdini as Tier One Gold Project, page-90

  1. 8,838 Posts.
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    C'mon folks.

    Any mid tier to major gold will have been following CDV for years now.

    There simply aren't that many Tier 1 undeveloped deposits around - let alone is a good jurisdiction.

    So either a full take out, a JV ala Goldroad or (less likely) a 100% debt/gold funded deal.

    But as someone else said, it does look like Archie wants out....

    Still think at USD1500 gold, a valuation of circa USD200/oz - 250/oz of reserves is not unreasonable.

 
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