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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (29612)6/1/2005 1:25:13 PM
From: BiotaBull  Read Replies (2) | Respond to of 313061
 
Thank you very much sir.. I have been holding CLG almost 5 years.. didn't sell @ $4 level!! busy with regular job.. oh well... hope to see gold up again soon... and price of CLG back to atleast $3 level



To: Canuck Dave who wrote (29612)6/1/2005 9:24:42 PM
From: Claude Cormier  Read Replies (1) | Respond to of 313061
 
CD,

Not exactly. CLG is feasible now with a IRR of 10% at gold US$400. They are progressing towards the goal of production. Are starting a new $3.5M explo program to expand and discover new resource.

I think they are in no rush to bring this to production. Better be patient, wait for more resources and better gold prices.

I think that $450 steady on gold would do it.