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Re: tshaq1 post# 20657

Tuesday, 08/16/2011 5:15:56 PM

Tuesday, August 16, 2011 5:15:56 PM

Post# of 71937
I expect pps to rise to .0030+ on news of drilling commencing, and then to run to .01+ with positive results. What everyone needs to understand is that we are drilling on an area that is considered to have a vein of gold. The surface samples alone are a good prediction of the fact that Canwealth will probably strike a large quantity of gold. .396 ppm! That is not your everyday gold reading.


.396 ppm = 58,223,201.941 ounce/cubic mile

1 ounce of gold = $30.80 currently

58,223,201.941 ounce/cubic mile X $30.80 currently = $1,793,274,619.78

$1,793,274,619.78 would be the revenue for mining a square mile area if the same .396 ppm is verified in the core samples and we end up digging in the vein.

Just something to think about.

Also something else to think about. EMLL, our closest comparison, which closed today at .0015, has nowhere near the same prospects as we do. EMLL also has an OS of 4,836,936,000, while we have an OS of 496,292,434.

Think about it:

-Good share structure
-Low float (the day to day volume is evidence of this)
-Most of the shares are already locked up by longs
-Good gold and REE prospect
-Drilling is about to or has already commenced.
-Most important...NO DILUTION!

If I spell this out anymore, I would literally be coming through your computer screen.

Do the DD, make an educated decision.

-Darth