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$1.08 cardinal resources limited

Gold stock - if breaks 39-40c could explode, page-259

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TheSpaniard

2,295 Posts.

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15/08/19

10:08

Post #: 39999732
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Originally posted by The Alchemist: ↑

Read one report that forecast gold to average $1530 to $1550 for next year with some volatility. With another drop in US interest rates forecast + Brexit + no trade deal with China before Xmas there will be good support for gold. An interest rate drop here will also help gold shares. everything looking positive. With the size of the pit increasing with the higher gold price to say 6M ozs, the mine life will stretch to 18 years or thereabouts. Spoke to a geologist and there are sniffs of smaller shallow higher-grade material within cooee of the plant site to spice things up. They have a lot of time to find additional satellite deposits once they are up and running. Potentially this is a 20 year mine or more. The PFS is conservative and financing a large project like this is not a problem.

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I agree. Gold is the best play in town at the moment and CDV is an undervalued gold asset.

CDV Price at posting: 47.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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