pre-open, page-7

It just isn't the announcement the big money is waiting for.

We already have plenty of gold in the existing tenement to be dug up and turned into profit. Having more land doesn't change the value of the company until it can prove follow-through to production and sales.

A (bad) analogy; if you commission me to develop you a simple website for $5k, and I draw up the plans for your brand new site,... and then go above-and-beyond to design a full-on multimedia extravaganza, you won't suddenly be prepared to pay me $20k, even if you eventually want a site like that... you'll first want to see that I can turn words into actions on your much smaller project.

Until CFR starts announcing timelines and machinery on the ground, and material being dug up, etc, etc. the SP will not start moving too much. The market has effectively said "show us the goods", and somewhat understandably.

Now, we all know that CFR intends to have machinery on the ground sometime this month, so I doubt it will take long for more substantive announcements to materialise. Just take a deep breath and don't panic when the SP doesn't move on other types on announcements.


(A quick addendum... this announcement today *will* have an impact, but a delayed one... once CFR prove they can produce the gold, the additional tenements will amplify the SP movement we can expect then... because once their ability to produce unleashes big investors' wallets, they will suddenly be faced with bidding on shares in a company that has many times more available land).


Hope that soothes your worries a little ;)