Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (170010)	7/14/2009 8:59:05 PM
From: Claude Cormier	1 Recommendation Read Replies (4) of 312973

Yes. Excellent results. It is always hard to figure out how big a deposit will become, but this one has grown with those results. I have read the agoracom comments and I find their resource estimation to be a little overstated. With the little info we have and the map found on the company site, I got 1M ounces total with 500,000+ ounces in the high grade zone. But it could be more. Time will tell. Market cap of near $90M fully diluted. With the cash they have there is room for growth and higher stock price. A nice play at home. Good Luck. P.S. Average grade of the halo of the North Stock is lower than EPM had at Varvarinskoye. And EPM had some rich pocket of higher grade as well. There is more than grade to make a mine.

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