Saturday, January 22, 2005 5:00:22 AM
Nice property and good management, good models also however there is too much expectation built into the price right now. Looks more like an overvalued DOW stock.
I'm sure that on at least one of their properties they will find 1 mil oz, maybe 2 mil oz. Multi-mil oz discoveries at multiple locations is how this stock is priced now though.
Its a long, long road from just starting drilling to proving up reserves and resources. Full of successes and great drill results but also filled with disappointing results. Most likely at least one and probably more of these properties while having Au/Ag will prove uneconomical to mine.
Oh I'm going to buy some Chesapeake, I like the company, I like the management, I like the properties, but I'll wait till it comes down to earth a bit... There are years of price action on this before anything like a firm resource that can be sold or developed is confirmed...
Baring significant and continual discoveries early on and/or a run up in the POG the risk here is on the downside right now.
good luck to all
nonrev
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM