Mining of Geko open pit recoverable 92k oz. gold to commence soon
Several exploration targets identified that are potentially large scale, ready to be drill tested and are confident for extensions to the current Geko pit design with additional ounces to be added.
Experienced WA based management team with a solid track record of bringing gold projects into profitable production on a timely basis.
The combination of exceptionally high-grade gold intersections and the capacity to host large deposits provides CM1 with an exciting future of gold production and the next generation of gold discovery in the Coolgardie region.
A low-risk investment opportunity, with a protected downside from cashflow from Geko.
Management team and BOD are exceptional .
Also to note :
Page 14 of Prosoectus " The Company is also party to contractual arrangements under which Ausdrill Ltd will take up $200,000 and Bulletin Resources Limited will take up $500,000 worth of Shares under the Offer. No brokerage will be payable to these parties with respect to their respective subscriptions. "
700 mil mcap ASL coming as a shareholder in CM1.
It should do very well in Medium to long term IMO .
DYOR
GLTAL
CM1 Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
