CGT
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0.00% 21.0¢ castlemaine goldfields limited

Ann: Mako Mineral Resource Increase and Britannia, page-9

  1. Alex999
    3,827 Posts.
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    05/04/12
    19:49
    Post #: 9949814
    re: Ann: Mako Mineral Resource Increase and B... 264m shares on issue x 12.5c ps = $33m mkt cap

    Would be grateful if someone could please try to explain why / how CGT could be worth only $33m by reference to
    - cash on hand
    - prospectivity of gold assets
    - value of hard assets
    - stage of development
    - etc

    Seems to me today was just a little wake up call that there is a lot more gold at Ballarat.
    CGT Price at posting: 11.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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