CVY 0.00% 11.0¢ coventry resources limited

Ann: Project Secured Adjacent to 6.7Moz Rainy Riv, page-22

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  1. 3,827 Posts.
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    re: Ann: Project Secured Adjacent to 6.7Moz R... I think the stock is very pricey at these levels for the same reason as Talentless. There is not enough evidence (e.g. DFS) that the gold in ground can be economically produced. There is no option but build their own plant which must come with all the infrastructure and extras - $$$. This money will never be committed until there is measured reserves in sufficient quantity and location to justify the expense. The current market cap is high compared to many juniors on verge of actual production. My assessment is CVY is very high risk at these prices until the hard evidence emerges about economical production. Hope I am wrong for holders' sake but could see price much lower while waiting for that evidence to emerge.
 
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