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Gold/Mining/Energy : Precious and Base Metal Investing
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To: TheBusDriver who wrote (6432)12/28/2002 1:06:14 PM
From: TrueScouse  Read Replies (2) of 39344
 
If CBD's feasibility study confirms a 5 million oz resource, economic at $325 POG, IMO we will get far higher multiples. With 38 million shares at $3.00 (Can) per share, a deposit of that size is only about $15 (US)/oz. It should trade at a much higher multiple than this at a $400 POG, and at $450...? Maybe CC has some thoughts on what should be reasonable multiples for a deposit like this at these sort of gold prices?

Regards,
Howy
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