Honestly, I feel this is a $1 share....no analyst could ever say that about a share trading 20c...they all just put a valuation of twice where it is trading and that way they can upgrade their price target a few times on the way there and be correct 3 times in a row rather than putting one high valuation and risk being wrong once.
I think this company will go it alone all the way through to mine application stage next year and just when they are ready to look for funding for the processing plant they will need to pull 75,000 oz a year out of the ground a big player will come in a offer $1 for the whole company.
Between now and then we will see a series of small jumps in the share price rather than a slow grind up as we see
1. more drill results are forthcoming (soon) 2. Jorc upgrade (4th qtr) 3. Environmental study finished (1st qtr) 4. Mine Application (2nd qtr) 5. Mine approval (4th qtr) 6. Takeover
Just my opinion.....but as I said in my previous post, I see much more value holding this than gold at current prices and it is only a matter of time before small companies like these become private equity and m&a targets.
CVY Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
