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Gold/Mining/Energy : Chesapeake Gold -- Ignore unavailable to you. Want to Upgrade?


To: bigg dummy who wrote (8677)1/31/2021 3:53:30 PM
From: Claude Cormier1 Recommendation

Recommended By
knowell

  Read Replies (1) | Respond to 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.



To: bigg dummy who wrote (8677)2/1/2021 9:24:11 PM
From: Road kill3 Recommendations

Recommended By
Bat Man
manothelake
toccodolce

  Read Replies (1) | Respond to of 9054
 
Big Dummy,

What your missing is a truly big word called “diversification.” So one holding takes longer to pan out, you are making money different ways. Didn’t your momma tell you not to put all your eggs in one basket. If you don’t think ckg is worth the risk just sell and move on. Or better yet start your own gold explorer if you think you know so much more than Randy. Quit your autistic rants. Your rants don’t help the share price and no one cares. It just makes you look like a pathetic sucker! If you sell I’m sure the share price will go up. Your the reason it’s not moving faster not Randy. That statement is as logical as you.
That my two gold bullions anyway!