re: Ann: Bonanza gold grades intersected at H...
so much negativity.. every succesful exploration companies have gone through stages of doom and gloom but im bullish on this one...
imagine if they are producing a couple of thousand ounces of gold at low cost each month from Crater Mountain..
They can then explore self sufficiently.. IMO those grades are incredible & they are obviously confident as they are getting the diamond drills over there in the next couple of weeks..
+ Some graphite in qld to de-risk (many suggesting this could be the next bubble commodity)
+ Should have approx $3m in cash + substantial holding in Serabi Gold
+ Tightly held..approx 81m held by Firestorm (also been generous with capital injections) leaving free float of only approx 55m shares
20-25c ST IMO.. and with huge results from diamond drills who knows
CGN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held