Corvus Gold Inc. (KOR)

[LouisDesyjr]

I am looking

I am taking a look here after hearing about this from a podcast, QTR. It looks interesting.

The big variable is what happens with the price of gold. For whatever reason, the price of gold seems to have started to move up this year.

I noticed in their presentation a NPV at the higher price of around $900 million. Based on a current market cap of around $200 million the stock should move up.

The big obstacles are that the project will require something like $400 million to start, plus the company is projecting a year or two of losing $10 million, so someone is going to have to fund this to get the value.

The ideal situation, I think, would be for a large company to do a merger in an all stock deal at a premium to the current price.

Louis J. Desy Jr.