Merry Xmas to all ye old faithful. Who would have thought the co. would deliver such a wonderful piece of news just before Xmas and give the price a boost. Looking forward to potentially 2 good news early next year. 1) Feasibility studies for Cerro De Gallo 2) Mt Phil iron ores drilling results The scoping studies are a good indication of what to expect from the feasibilities studies. At that time, the gold price was taken as US$900/oz and the silver as US$15/oz. Since then, gold price has gone up 50% and silver price has almost doubled. I foresee the major shareholders intensifying their buying early next yr. Buying after the feasibility report could be too late. After all, they are buying even now and they must have done their homeworks. The competition among the big boys to accumulate CJO would most likely push the price up even more. Meanwhile, they have been very patient in their uptake. They spaced out their buying to flush out more sellers. CJO has not been marketed or promoted like some other juniors. Next yr, the fundamentals will speak for itself. If Mt Phil iron deposit proves to be substantial, CJO could very well turn into an iron ore junior and there are many investors out there looking for the next iron hopeful.
CJO Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
