Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I got the identical reply from Karen today too!
Really? That is fantastic that KATX did that---0.25 PPS on 8,000 PPB.
With your latest report to be posted online soon, perhaps that will/can drive our CNEX PPS up, too?? Or, does the PPB amount/extent need to be verified by an IP survey or some sort of drilling, in order to really drive our PPS up, like KATX's PPS went up?
Thanks lots for the conversion!
Thanks for the info.! Is the information about: 78,000 ppb therefore a lot of gold?
Thanks lots for the ounces Au information!!
So, Cannon is working on updating its web site/maps to reflect all its' full properties gold showings?
Is this shear zone (non-pink) drawing you refer to, at Cannon's web site, under 'Maps'? Or is it somewhere else?
Great deal, with gold on all sides of all the CNEX properties! Thank you for the gold update!
In the seven shafts zone that runs North-South, have they also found gold significantly there too, and is it shown in pink on the map too?
Is there gold in both shear zones, on either side of the Lake? Thanks for the information!
******************************************************************
I got this PR reply from Karen today:
The company finances its activities through equity financing and is very clear about that - and there will continue to be changes with shares being cancelled or issued.
There is still only one reason for equity financing/dilution - to raise money to fund the company's operational and exploration activities. Exploration companies rarely break down and state the cost of activities in advance, as they can change - for example, the cost of a drill program could be more or less than originally estimated and to retract something stated publicly causes more issues than it is worth. If a dollar is not spent in program A, it will be spent in program B.
As soon as there is any pertinent news, a PR will be issued. In the meantime, if you have any questions, I would urge you to call the TF number and I would be happy to discuss CNEX with you.
Regards,
Karen Willoughby
Investor Relations
866-936-6766
Wow! Our PINK zone with the 7 shafts is two miles long---that is fantastic and large news! Thanks so much for all your DD today and always!
Will do, when I find some honest news!
Thanks lots, Banker!!
Thanks Trapper!
We are wishing and hoping that this 'pennies-to-hundreds-of-dollars' scenario will unfold, for CNEX and others! The time is right. Thanks for the great article update!
Trapper--- I have just joined Twitter, and now I'm trying to look for any posts on CNEX, located on Twitter.
Do you know how to search posts on Twitter by subject name, instead of by a person's handle/name? Any help would be appreciated!
Thanks for your reply. I will look at earlier posts today too, and see if I can find any CNEX 'twitter' information! Thanks!
That is interesting, Banker.
Have you seen any more 'twitters' about JVX being used for the IP survey, or, anything else relevant to CNEX today, by chance?
Thanks for letting me know what's going on today---more dilution! Have a great day! Go CNEX!!
You are most welcome! I am delighted you liked the article so much.
Thanks for your e-mail yesterday evening. I am glad you liked the article about the Amex Gold BUGS Index being on an upswing. Sorry for the delayed reply, I ran out of posts last nite! Go CNEX!!
What To Look For When Gold’s Day Comes… By Dr. Steve Sjuggerud
The Amex Gold BUGS Index (the “BUGS” part actually is an acronym for Basket of Unhedged Gold Stocks) is much younger than the XAU Index, having started in 1996. It is a better gauge for how gold shares are acting in relation to the price of gold. The two major stocks in this index are Newmont Mining (NEM) and Goldcorp (GG).
When you consider the fact that Newmont, the world’s #1 gold miner, only has a market value of $1.3 billion, you can see that the world of gold-mining is incredibly tiny. If you added up the value of every gold mining stock on the planet (roughly 2,000 companies), it would only come up to about half of what the tech stock Cisco trades for…
When gold’s day comes, an unhedged gold stock like Newmont could do extraordinarily well. Remember, the company is only valued at $1.3 billion. But get this: It has $419 million in cash! So the value of “the business” is closer to a tiny $880 million. This is a company with gold reserves of 87 million ounces – with a current value of nearly $30 billion dollars! Using Newmont as an example, the downside should be limited, due to its gold hoard in the ground. Yet the upside potential could be huge.
You can use the standard analysis tools to analyze gold companies, as long as you compliment it with some analysis of their gold… With gold companies, you must also consider the cost per ounce of production and the gold reserves themselves. Cash costs of production at Newmont, for example, are expected to be around $200 an ounce in 2003. So gold, at $335, is nicely profitable. Reserves, again, are 87 million ounces.
The websites of Newmont, Barrick and AngloGold spell out all the details in their “analyst” and “investor relations” sections, including their hedging activity, their reserves, their costs per ounce, etc. As you might guess, it’s www.newmont.com, www.barrick.com, and www.anglogold.com, respectively.
Before investing in gold stocks, start with these three websites to get your feet wet and gain an understanding of their businesses. Then, when the time is right – when we see a clear uptrend in the Amex Gold BUGS Index – you may want to consider investing in an unhedged gold producer, like Newmont, Goldcorp, Kinross or another member of the Gold BUGS index. *** Or CNEX (I added this last part).
By me, BSNB: I just looked, and there IS a clear uptrend from Feb. 2010 through Sept. 2010, in the Amex Gold BUGS Index! You can see this yourself by Googling Amex Gold BUGS Index photo.
Me too!! Go CNEX!!
Thank you! : )
Dow (mini) futures are up + 44, and S & P futures are up 5.00, as of 7:07 pm today.
Thus, we may have a good day in US markets tomorrow morning. And perhaps a good day for CNEX too. Although sometimes it (CNEX) is inversely correlated.
Such is the nature of posts sometimes! : )
You may not have seen my earlier post about an interview with Chen Lin, on gold mining stocks' predictions for the future, after a 30 year 'consolidation period'.
You may also not have seen my post from the SFMI board, by 'goldchaser', reprinted here on CNEX's board, about the heady gold mining stock years of 1975-1980.
Those were both good posts, to check out.
Thanks for the update!
That is interesting, that the proposed IP survey company was on CNEX's web site for about an hour, then removed. Very interesting...
A PR soon announcing their chosen IP company, and/or a PR after it is done, would both be very welcome news! I think they'll likely PR both before and after IMHO.
It sure looks like a really good survey company! Which will give more sound credibility to any findings they announce.
I see--Right! I hope Edwin stays with the company long term and can really develop it, or at least get it to a JV stage!
Thanks so much for the directions to the IBox!
So the recently debuted ones were EM surveys, but they mean the same thing---GOLD, shown in pink---as if they were IP surveys. That sure is a long time to be silent about a 2008 survey!
And you think after the new IP surveys are completed in ~2 months time, that they could get a great JV offer/buyout/or partnership, based on those IP results? You said it has happened before, with other companies, I believe.
Silly but necessary question---how do you get to the IBox from the main IHub page, please?
Thanks for your message. That would be neat if CNEX were to do a JV with JVX, the geological survey company (not a mining co.)
I guess the 'lots of pink map' they showed us was therefore NOT an IP survey done yet, but some other type of conductance survey or geo survey. *** Do you know what technique they used to get the bright pink conductance zones map?
I understand they'll be doing the official IP survey next, in a couple of months. I too, sure hope they now have raised enough money for the official IP survey about to be done, via the existing dilution already done!
What a lot of interesting activity on the board today, on a Sunday! Hope we have as much CNEX volume --- 700 million --- next week, as we had last week. PPS should start to increase slowly, as stock interest and overall visibility increases IMHO.
We certainly have come a long ways since 1904, the year my grandfather entered college at UNC! The history of gold and gold prices is a fascinating one.
We will get past the dilution stage finally, and they will find lots and lots of gold at the Queen, and then we will be very happy we invested in CNEX!! Give it five years. IMO.
Plus, the price of mining stocks in general may go ballistic, after a 30 year consolidation period (1980-2010) we've been in, and we could have a repeat of the 1975-1980 years I mentioned earlier, coming soon. It could happen! IMO.
Trapper---Thanks for the heads up about my post. You are going to be rich one day, with CNEX and the other stocks, and me too, and all of us here together!