CMKX: Benefits
They are obviously there in the deal mentioned last night in the pr.
Imagine if the pr simply was a posting of Roger Glenn's quote and his intent to visit the area in August and nothing else. The pps today could have moved 100% or more from yesterday's close.
The twist we now read has had many silent many silent since the pr was put out. I contend we simply need more detail from CMKX of the direct benefit of the deal, which would include a geologic explanation of why this 500,000 acres is so valuable.
The main parties involved, Nevada Mining (NM), and CMKX obviously realized huge benefits for such a large deal.
In the case of (NM), they obviously felt that their 500,000 was worth equal to or in excess of $30,000,000 (75b x .0004) to enter into this deal. They obviously are very bullish on CMKX. The company would only enter into such a deal if they felt the stock price of CMKX would go UP, not down. They confirmed this land be worth at least $30 million by nature of their end of the deal.
More importantly for us, in the case of CMKX, we now have 2 to 2.5 million acres of land which we own claims! With acreage figures in the past stated as 1.4m to 1.9, why would CMKX needs claims to an additional 500,000 acres?? The answer is in the pr. The Goldak survey showed this land to possess great potential.
Urban personally gave up stock worth $16,000,000 (value as of yesterday's market close) to buy these claims. If you or I were in his position, why would we do this? That is such a bold personal step for someone that already owns many claims.
The answer again lies in the details of that 500,000 acres. The company of course will be guided by it's own plan, but as an investor, I would like whatever detail they could provide to expound on this claim beyond what is mentioned in the pr. Mr. Hutchinson could easily comment even in general terms on his conclusions, to assure current and potential investors of it's potential and why.
The benefit for CMKX to do this is obviously there. Staying the course and am sure more will come out about this. Be well, Bo
AI
