Thus, there are only 2 ways CKG will decline substantially in value:
1) CKG does not hit on its initial exploration drill results.
2) CKG share price rises substantially in price and Randy decides to issue a new PP.
Given CKG business model, i.e. run like a bank and CKG actually has positive EPS via interest income, it truly is unique in the gold exploration industry and does not participate in the Canadian 2 Step PP Game.
I am not buying more CKG at this price, but if I owned none I well might. Also, given CKG is one of my larger positions, I may well sell 25% or so if/when its first drill results come out positive. CKG may well be overvalued right now, but it will become even more overvalued if they have decent first drill results...
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