The leases are all they have which it seems they value at circa 100mill !!
CGCI apparently has a 1st Mortgage over an area containing 100,000 oz of 24k gold
according to their promotional rubbish. Not quite sure how they were able to define the area containing the gold.
The leases are held bv the company directly or through its subsidiaries I would assume, maintaining the leases costs circa $400k per year according to the 2017 financial report.
Yes this company would make a great case study in what to look for in a company Not to invest in IMHO.
DYOR My thoughts and ramblings only
Major Deal soon?, page-12
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