Chesapeake Gold (CKG.V) Message Board

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

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To: TrueScouse who wrote (1452)	1/14/2008 9:04:20 PM
From: Amark$p	Read Replies (2) of 7833

Personally, I don't even think a major cares if Metates is economic or not, as long as it it economic enough to be classified as 43-101 reserves... "At some point one of the majors is going to decide that it can't resist buying CKG to get its hot little hands on Metates." The majors often get valued on P&P/M&I reserves at over $125 per oz, and Metates is an easy way to boost your reserves by 30 million ounces gold equivalent = $3 Billion. So a major can pay CKG $50 or more per oz. and this major will likely get these same ounces re-rated at $125 per oz.

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