Replies to post #33006 on Value Microcaps Junior Miners

[kozuh]

I'm NOT ready to sell CGT.to

Maybe it will go up another .10

on Monday ... .

[Bobwins]

CGT.to/CBGDF C$.89 Columbus Gold

http://finance.yahoo.com/news/columbus-gold-announces-positive-bankable-210000072.html

2.7million oz of gold in reserves with a positive BFS.

Nord, majority partner has yet to decide whether to fund mine development.

Capex is US$361million vs NPV of US$370million using 5% discount. IRR 18%.

Projecting 214K oz of gold per year over 12 year mine life.

This isn't a stellar result but there aren't that many multi million oz projects available worldwide. There is about 1 million oz inferred oz that could be upgraded and increase NPV. Plus there is additional exploration upside near the deposit.

Haven't bought back since selling around this price last year.