Canagold Resources Ltd. (CRCUF)

[Gaintrader]

Some color for the realities of mine acquisitions;

I am not yet jumping to any conclusions about who may JV with Cabarc, when, or what will become the first priority target to pursue.

The link below provides written text of the most recent conference call, inclusive of the Q&A, for Brad Cooke's other company, Endeavour Silver. A careful read will reveal the basics of the evolution of a mine acquisition process, and how it generally works in real time, and the after acquisition types of necessary investment costs to achieve profitability.

In brief, Endeavour purchased (self financed) the producing El Cubo mine within the past year, and on the call Brad and EXK's management team explain in fair detail many of the general challenges presented with the mine acquisition/turnaround process, including their forecast of how long they think it may take to achieve profitability at El Cubo. They also answer several questions on the topic too.

At present, with financing capital for mining so hard or impossible to come by, unless the other bidding parties already have cash in hand or financing in place, the deal is likely only ripening and getting sweeter as time passes.


http://seekingalpha.com/article/1271991-endeavour-silver-s-ceo-discusses-q4-2012-results-earnings-call-transcript?source=etrade

I hope good news is forthcoming very soon, go CRCUF! , and GLTA