Market sentiment is definitely against this play. Until management demonstrates an ability to fund the San Anton mine the stock will languish. Having said that with strong pricing in gold and silver and improvements to the mine design I think financing is not a problem with our low grade pit. The market doesn't care about Namiquipa or Mt. Philip. They want evidence that CJO can move from an explorer to a cash producer. When that happens a significant revaluation in the stock will occur. In the meantime I am buying on the dips and waiting to see how this unfolds at year end. My money is on McDonald to move the company from the outhouse to the penthouse. :-)
CJO Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
