CVY 0.00% 11.0¢ coventry resources limited

looking for a gold stock, page-4

  1. 199 Posts.
    Please read some of the previous postings to get a good idea please. (There aren't that many!!)

    Regarding "cash burn" i think this company is not going to require any funding until it starts moving to producing. Earlier in the year they had like 8 or 9 drills running around their leases working frantically to get as much done as they could.

    The number of drills has been cut back to 2 now and they've got very limited overhead expenses so cash burn will be minimal.

    On the back of today's jitters now is looking like a very good entry point. Gold is just going to go up in value making Coventrys mining operations even more feasible.
 
watchlist Created with Sketch. Add CVY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.