Canagold Resources Ltd. (CRCUF)

[Gaintrader]

FYI... The 30M is for a detailed feasibility study to be done over the coming year only. To get into production at NP, the permitting and construction costs will require an additional 70M and possibly two more years (or a total of 100M + three years before salable gold is being produced, after the financing is in fact secured).

Canford's total investment commitment with Canarc will almost certainly (or should) be for the whole 100M needed, with the first 30M being released with a feasibility dated performance requirement, before the next draw of 30M for permitting is released with a dated performance requirement, and then the last 40M for construction and start up.

This is why having a very experienced team managing the financing and start up process is so critical to realizing a successful mining operation.

I continue to have full confidence in Canarc, and have been buying more and more the last few days.

GO $CRCUF!