re: Ann: Resource Upgraded 125% to 1Moz Gold ... If I have this right according to the last 3B CVY - current market cap at .24c is 28.35m but they also have 15m in cash. Nearly 9m shares are restricted from trading until 30/11/09.
That values there Gold projects at 13m currently.
1m ounces of gold at $1076 per ounce for the cameron lake project is a fair amount of cash.
Plus ardeen project.
Not great at this stuff but does current market cap look cheap.
DYOR - Because I aint no pro.
Cheers
Chris
re: Ann: Resource Upgraded 125% to 1Moz Gold ... If I have this...
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