Just had a word with our favorite guru....
Word is, RIGHT now, $5 is a fair value for CBD, however any news could change that picture over night.
AFA valuation goes CBD is working toward a feasability study by the end of the year. At that point CBD would be worth say $75-$100 per oz in the ground (my estimate).
In my book that makes CBD worth $7.50 - $10 sometime after feasibility. Of-course this increases as POG goes up<g>.....or decreases as POG goes down.<ng> Also I have no doubt they will prove up more ozs...so that ups the game as well....
Just take a look at MFL is you want an idea of what is in store for CBD...
So....happy just now and CBD is acting strong this morning...like I told Kastel on SI...something is cooking!
Wayne
we are all bozos on this bus