Drift in share price occurring since the last 3 month is only due to current world economic and financial turmoil, not because of company as far as I know. And most gold stocks are following this trend at the moment. Just look to any gold explorer on the asx.
This company has some very good assets and ressource, in a stable country (Canada), with enough cash (10M$) to get through a possible crisis, no debt, and an experienced management.
CVY has a lot of upside regarding its current mcap and is currently significantly undervalued, EV should be 2 or 4 time higher, and I'm conservative. At the moment, SP is at more than 50% retrace from highs (YTD), which is an excellent entry point IMO. Gold is a safe sector in time of uncertainty, ie rising gold price.
That's enough to me :)
Now, we just need some update on the exact roadmap for next 2-3 years. Anyone having some extensive information on this?
CVY Price at posting:
16.0¢ Sentiment: None Disclosure: Held
