Crazy reaction yesterday!
No one actually knows what the assays will reveal for Target 1.
The way some people were carrying on, i thought the world had ended.
CGR have just begun their extensive exploration and drilling program!!! There is a long way to go. Some people acting like its all over after one drill hole......lol
Target 1 is complete for now until assays are recieved.
They are now drilling Target 2 and then will move straight onto Target 3. Therefore plenty of news to come.
They will prepare pre collars for Targets 4 and 5 also, in preparation for some diamond holes.
Target 6 will happen later this year.
We are back to IPO price of 20c but now we are in full exploration mode.
Plenty of cash in the bank of $8M which means we are fully funded for the next 12-18mths.
$20m-$22m MC with $8m cash = $12m -$14m EV makes it look cheap to some of its peers now!!
Well done to all the buyers snapping up the shares at 20c!
Lets look forward to some positive news from Targets 2 and 3 now.
Crazy reaction yesterday! No one actually knows what the assays...
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