Canyon Resources Ltd fka CPY

[NYBob]

I too am surprised how quiet it is since this could be historical for us.I know the company is working hard on contacting us all and completely expect this offer rejected. It was only a couple years ago that we were expecting closer to $1.80 for a buyout with gold less then half and we had 20% then the current 40%. For this reason alone I have added a couple hundred k more shares at ave of .71 since the halt. I feel my downside is .10 per share and feel we will get over $1 per share offer. Even at this expectation it is a steal for Nova but now turns to David and Goliath type scenario. This means David better make an accurate stone throw fighting to get the value we deserve. Another huge factor is Tim personally own many shares so I know its in his best interest to strike the best deal possible. I know they are getting an evaluation which will be interesting. There will be a value on minerals but how do you value the possible tunnel needed in the newer infrastructure. I expect it to play out like Barrick and Nova but here's hoping for a better outcome. I'm also hoping that we see someone else take a run at us now that Nova is showing indications of going forward. We not only have the minerals (mined first as higher grade) but they need the land (proposed tunnel) so others may look at us as a straight investment purpose. I'm staying in close contact with the CPY on this one but I have never had more confidence in a company then I do with CPY and EPL which basically is Tim Termuende and crew. These guys prove honesty does win games!
by Stubbs thanks for good info!