for those that don't know the Sun Valley hedge Fund is run by...

for those that don't know the Sun Valley hedge Fund is run by Peter Palmedo.

Palmedo is widely regarded as one of the best gold speculators on the planet, and has been for many years.

I estimate his average price to build the 12.5% stake is above 20c. He has not sold a unit, and continues to acquire more.

CVY's Cameron project looks great, but it is there 132 sq km right next door to 8 million ounce, $500 million MC Rainy River Resources that could be the real gem.

CVY have as much ground at Rainy River as Rainy River Resources does, but a MC of $20 million v RR's $500 million.

Apparently the news of the size and quality of CVY's Canadian tenements has the Nth American brokers who attended the site presentation ann'd today very interested indeed.

This looks capable of major SP gains after the backdoor TSX listing is done and Nth American coverage starts in earnest.