lightly traded, lightly followed, lighty psted

  1. 1,683 Posts.
    All,

    CGX has an imminent JORC coming out on its high grade African gold play and is also ramping up towards 200,000oz a year of gold in its Asian operations.

    Right now we have a buyer at $1.90 and a seller at $2.09 with last trade at $2.09 and very few shares traded today or for weeks in fact.

    Suggest people do the calculations themselves into the current PE ratio and what the JORC may be. Then have a think about the fact that both plays have a great deal more ground to explore yet.

    Blastoff

 
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