CDY - Cardero Resource could very well be undervalued, but there are a lot of undervalued "holding" companies that own substantial interest of other companies, and yet their own shares are very stagnant.
I happen to own shares of SCP.to (Sprott Resource Corp), which is basically a holding company. SCP.to is very undervalued too, but its stock price has been going nowhere for the last 12 months.
Both (CDY and SCP.to) might take off one day, and maybe that day is coming (we are in a gold/silver bull market after all), but what would trigger the CDY's stock price appreciation besides the ever rising price of gold? Do they have any immediate drilling plans of their own?
Thanks!
