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Gold/Mining/Energy : Chesapeake Gold

CKG.V 2.380

+2.6%

Nov 26 3:59 PM EST

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knowell

To: bigg dummy who wrote (8677)	1/31/2021 3:53:30 PM
From: Claude Cormier	1 Recommendation Read Replies (1) of 9054

My answer is who knew that gold would come down from 1 910 $/oz to 1050 $/oz in a little more than 4 years. Whatever what Randy, you and I thought in 2011, all our hopes collapsed with the price of gold... because in reality, using autoclaves, Metates had good economics to buid with an average price of 1 800$ plus or minus 150 $ maybe. We had these high price for less than a year. How can you strike a deal under these circumstances. CKG did work on the PFS for several years and that was the minimum needed to be able to strike a deal. By the time it was done, it was already too late price-wise. The market was crashing. What is different this time are 1- The gold price is in a new cycle with a new upside potential to much higher levels 2- the new process has the potential to lower both the capital and operating costs. Will they build mines instead of selling Metates... whatever makes more money for the shareholders. We will find out.

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