Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (62289)	11/21/2008 2:57:14 PM
From: ogi	Read Replies (1) of 78408

Good comments Eric. I must say when doing DD on CFO I was surprised by the expense and complexity of the land deal. No biggie if it became a mine, but it is far from that yet, unless you have S.C.U.BA. gear. Now, the other way to look at it is this. If it really is a fabulous property and marketable, then the vendors could be in a position to sell it elsewhere if CFO defaults. That could be very lucrative for the landowners if they have a suitor in the wings, if they don't then they would be smart to drop the balloon payment ASAP and let CFO spend the 10 mil they have on proving up a resource. We shall see.

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