Yes, you'd think the prospect of them standing there with gold bricks in their hands in the not-too-distant might've stirred the market's blood some.
Still, things are a bit flat generally.
I'm just pleased to see the Tonka Toys hard at it already:
The AU$ gold price is still looking pretty good ($1,650/oz as I write), and the deal struck with mining contractor, SMS Innovative Mining Solutions, gives CM1 plenty of room to advance:
The contract includes financing with extended payment terms, allowing CM1 to fund initial mining. These terms allow the Company to pay SMS out of proceeds from mining operations so that funds raised under the Prospectus can be applied toward the exploration activities set out in the Prospectus.
Lots of scope for a few decent hits in the ground this Company's holding.
So all in all, should be plenty of good news-flow in coming weeks.
CM1 Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
