Chesapeake Gold (CKG.V) Message Board

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Gold/Mining/Energy : Chesapeake Gold (CKG.V)

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To: Elizabeth Andrews who wrote (558)	5/15/2003 2:00:24 PM
From: Claude Cormier	Read Replies (1) of 7835

<Is this your complaint?> No complaint here. Just debating normally the valuation on a stock. I think your comparison between FGX when gold was at $255 and CKG when gold is $350 is not fair. At $350, FGX would have sold much much higher. So many juniors with a few properies and very little successful drilling are selling with market caps of $20-30 millions with no or little cash. CKG has properties, big pile of cash and something that few have, exceptional people. It certainly deserve a premium for that. So I can't see CKG selling for $2 or less as you suggested. Now how much value do we give to their properties and what is to come, that depends on our reespective understanding on their assets. BTW was also on the RDU band wagon and still am. No doubt their drill results show something CKG doesn't have yet. But with 25M shares out and less than $2M in the bank. They need to hit big again and develop some sort of resources so they can finance the next round at much higher prices... otherwise, it will be only another one the good juniors that will simply have diluted to much. Still, I smell a repeat of Mar-West or better.

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