Tuesday, October 21, 2008 10:36:21 PM
The Matson Creek mine still also for sale, still for $25 million.
Those asking prices seem very high for placer mines even at current gold prices but that's just based on my looking at other placer mines for sale. I'm sure there are other factors which also determine the value.
The market cap of CCHI is about $2 million and CCHI is asking $30 million for two of the three mines. That's quite a disparity. CEO Christopher Jarratt's reputation certainly still seems to be a question mark.
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