Yes it is,
i like to go with companies that have a lower AISC but majority of those are out of the Aussie jurisdiction, to simplify that i basically mean its getting harder to find project's below $1000 oz.
Those companies outside the Aussie jurisdiction's are normally in more riskier jurisdiction's as i have come to learn.
@SchoolboyknowsI am glad you can see where i am coming from, i don't like down ramping a stock or even up ramping, I just want to get to the facts and i'm not always right.
A true investor/speculator i believe keeps an open mind and that's what i will try to do
If it wasn't for CAI's share registry i would be invested heavily and i was some months ago. I brought in at 4.3 cents and sold out for 3.7 and during me holding shares in CAI, their was more shares issued. if you had shares at 4.5 cent and lowered your average passed 3 cents then today would of been a good one and i say congrats to those that held and are now at a profit due to lowering averages.
My point is this: CAI is now lower than it was 12 months ago.....so the value on market has decreased from 12 months ago even though a resource upgrade has been released along with plenty of other positives announcements. (there's a reason why)
off market i believe its worth more than what it is now!
if CAI had under 500 million shares and keras weren't involved, today's share price would be upwards of 15 cents maybe even double that!
i wouldn't give CAI a fair valuation yet until i see a Pre-feasibility, As i have said before their is a lot of important studies still to come.
if that comes back positive and the company find a lot more gold in the next few years than i believe the share registry will be irrelevant if a takeover comes to CAI like it did to EXU.
cheers
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