I agree they are different- as I said in my post- just saying...

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yabster

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07/11/18

07:27

Post #: 36411423
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Originally posted by damosid88 ↑

Think you'll find the difference between Canyon and the pure exploration , hit and hope ones you mention above is that CAY already have a ready made resource that is growing and ready for a PFS in coming months versus the others that are still very much pure exploration plays. Not discounting sovereign risk but it will be up to Canyon management to deliver up either a takeover opportunity for a bigger player or themselves build and operate a world class tier one bauxite deposit that may be one of the best on the planet imo. While Cameroon certainly has its challenges, the Cameroon Govt have a pretty good track record of picking and sticking with companies that get granted licences. SDL stuffed up of their own doing some years ago but they still own all the licences and mining conventions originally granted to them by the Cameroon Govt from nearly a decade ago (and Cameroon Govt has extended these several times despite SDL being on life support for years). Cameroon realises it is now or never to get these world class deposits mined and bring much needed $$ into its economy. Check out the new port and infrastructure they are building.

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I agree they are different- as I said in my post- just saying the Tolga hype last year in many stocks was way overdone.

Last edited by yabster: 07/11/18

CAY Price at posting: 21.5¢ Sentiment: None Disclosure: Not Held
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I agree they are different- as I said in my post- just saying...

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I agree they are different- as I said in my post- just saying...

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