CVY 0.00% 11.0¢ coventry resources limited

gold and cvy

  1. 3,072 Posts.
    is there any other goldie listed on the asx so close to producer status which offers a better exposure to the upside in the gold price?

    if there is I want to buy into that as well, so please post details in here.

    with the inevitable expansion in CVY's gold resource as the Cameron project and unexplored 132 sq km next door to 8moz Rainy River Resources are drilled further over the next few months it is likely that CVY will Jorc between 5 and 8 million ounces by mid 2013.

    with a peer average of around $74 an in ground ounce the CVY SP could go to $1+ on this scenario and still be seen as cheap.

    http://www.coventryres.com/pdfs/AnalystReportArgonautResearch24Sep12.pdf

    'Peer Comparisons

    CVY is cheap in terms of relative and absolute value. On the EV / Resource oz metric the stock is trading at US$15, v a global peer average of US$74. '
 
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Currently unlisted public company.

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