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

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To: TheSlowLane who wrote (6251)12/15/2011 5:35:53 PM
From: marcos  Read Replies (1) of 7833
 
Steady supply of affordable natgas can't help but help, sure be a lot cleaner compared to coal ... but before getting to that, i was stunned all over again by the 759k ozs Au and 20m ozs Ag per annum - seems to me, that's a lot, let's call it 1.25m ozs AuEq, divide that into current market cap [47.5m f.d. times 11.73] of 557m, means you pay only cdn445.60 per ounce of annual production ... of course there's capex to spend first, and it might amount to <cough> a few bucks

The trading wts ckg.wt expire end of feb, so there's cdn36m coming in ... it's a start, lol

One quibble with the release, Topolobampo is mispelled, and not in the usual way either ... unforgettable place this, quite small a few decades ago, always had a mixture of just about everything and everybody, had miners before too, mostly to hang out all winter fishing and drinking ... the most cosmopolitan of mexican port villages, or was once anyway, second-best place in the world [after La Paz] to put your feet up and read Steinbeck's Sea of Cortez

Added a few more shs today, getting near half-way back in
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