Cannon Exploration Inc. (fka CNEX)

[Mr. Zen]

By mid to late June with the geo-physical survey finished we could easily be mid single digits (in my opinion). This area is rich in deposits and is an area of some very healthy gold mines.

It will all boil down to the geo-physics of the rock, unknown yet wheither it will be ground or airborne geo-survey that they will do. The results (when reviewed by the qualified geologist) should be the starting point towards reopening that mine.

I have my doubts it will continue at 16 grams per ton, that was what the old mine was producing, those numbers are outstanding considering 3 grams per ton is almost a do-able mine.

disclosure
I'm not a miner, I am just an investor of undervalued mineral plays, I own a bunch of this one.