Replies to post #1146 on Canagold Resources Ltd. (CRCUF)

[Gaintrader]

Any mine regardless of the economic vitality presented by a PEA, has many unpredictable risks along the road to profitability. These risks are lowered by a strong management team but increase when taking on debt to commence the mining operations. Even if Carnac was to get really good financing terms, It is not too likely they could have realized an 8M in profit within a two year timeframe of operations.

Bottomline is;
If CRCUF could pull off buying and selling mines at five times their investment about once per year, they could turn a much larger profit in less time and with less risk.

[jmat1]

"i don't believe we will have the cash until closing late June."

The way it reads to me it's EXK stock we're receiving, not cash. To raise the cash, we would need to sell the shares.

Correct?

Whether this is a positive remains to be seen IMO.