Classic Minerals and the current gold price, page-31

IMO:

Anyone that thinks this is a BUY certainly hasn't done their due diligence.

There's REASON for it to have a SOI of many tens of BILLIONS.

They have millions in DEBT, need to spend many millions again to get an operational mine and that's on a low certainty inferred resource which is too small to be taken seriously.

Combine that with increasing costs, many more millions to be spent on drilling to have a reliable economic model based on a known resource rather than a guesstimate which it is now.

Can't raise capital on market by share issues anymore because no one is interested, the market sentiment is definitely not saying this is a BUY in any way!

Anyone buying now will see there value of their shares evaporate on open after the CN's are dumped after consolidation if that ever occurs.

Good Luck with that strategy you fools that BUY now.