Cannon Exploration Inc. (fka CNEX)

[bigstocksnbonds]

Back in 2006, I was fortunate to have some shares of an Ecuadorian explorer that discovered a massive deposit. In the span of 9 months, the shares went from 68 cents to more than $40. They were deep in the jungles of SE Ecuador and probably a billion dollars, or so, away from becoming a mine. There were also massive political hurdles to navigate and are as yet still unresolved. Still, an intermediate sized mining concern thought their project was worth over a billion dollars and forked over the cash in early 2008. Who was the intermediate sized company that bought this tiny jungle-bound explorer with all of these unresolved issues? It was the guys who are digging giant holes in the ground just to our west. KGC

A Quote From AGBugg, on Another Mining Board!