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Gold/Mining/Energy : Chesapeake Gold
CKG.V 2.910+7.8%10:44 AM EST

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To: knowell who wrote (8415)6/26/2020 9:04:54 PM
From: knowell1 Recommendation

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toccodolce

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I've tried to transcribe the segment on Chesapeake as best I could.
Sprott Money News: One other company we haven’t spoken about for a while is Chesapeake Gold. A guy wanted to know if they got some water issues.

EricSprott: Well, yeah, anybody down there that’s building something has water issues. There’s only one thing I can say with Chesapeake, I’m trying to think of what the market cap is, like 150 to 200 million or something like that. But, in their 43-101 they have I think it’s 15.8 million ounces of gold. And I think it’s 587 million ounces of silver. I like that.

Sprott Money News: Yeah!

EricSprott: That’s a lot. And, uh, you know, it’s a, it needs a lot of capex. So they’re capex-constrained. Let your mind wander at $2700 gold and let your mind wander at $50 silver. Oooh baby! How profitable might that be? So I’m an owner of it. I’d like to own more. I’d like to own more of it. I’ve asked the company if they’d sell more stock. They don’t have a use for my money right now, so. But I do like it.

Sprott Money News Weekly Wrap-up - 6.26.20
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