CJO 0.00% 13.0¢ cerro resources nl

at what entry should i buy into cjo, page-4

  1. 522 Posts.
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    It will be interesting to see what price's they use for the feasability study, in the scoping study they used $900 AU and $15 AG, with AU now over $1450 and AG over $39. the new EBIT could range from $700 million to $1 billion. The next point is that the entire Cerro project has over 200 million ounces of silver, they at this stage are only going to mine the gold rich area, could they be tempted to build a bigger mine and extract everything. You would have to say they are primed for takeover imho
 
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Currently unlisted public company.

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