"the final Cameron jorc has to be 3 million ounces+ of gold on the back of yesterday's results, which gives a fair value of 50c or better at minimum."
if 3m plus ounces, that would make 50c ps well and truly remaining in the "heavily undervalued" category as is CVY at present according to Paydirt Gold Conference announcement 1 April, 2011, pg 15.
3m oz @ $80 - $100 per oz would push CVY past $1 ps ($1 - $1.50 Fully diluted price range). And that's just working of CVY's conservative cut-off grade. A dismal $35 per ounce @ 3m ounces would value CVY at 50c ps (FD). With the consistant high grade results at shallow depths that have been at announced this year I would expect the market to start taking CVY seriously.
imo, continued sp control is in still in place.
CVY Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
