Replies to post #1564 on Mostly: Classical

[Frank Pembleton]

Tom ... right now as it sits, it could support production of a 1/4 million ounce per year, 8 year mine life. The target is to increase the mines life to 10 years-- and as you were saying they've been successful at growing their reserves.

IMHO, it's a terrific play with low geopolitical risk.

[wagee]

Just had a word with our favorite guru....

Word is, RIGHT now, $5 is a fair value for CBD, however any news could change that picture over night.

AFA valuation goes CBD is working toward a feasability study by the end of the year. At that point CBD would be worth say $75-$100 per oz in the ground (my estimate).

In my book that makes CBD worth $7.50 - $10 sometime after feasibility. Of-course this increases as POG goes up<g>.....or decreases as POG goes down.<ng> Also I have no doubt they will prove up more ozs...so that ups the game as well....

Just take a look at MFL is you want an idea of what is in store for CBD...

So....happy just now and CBD is acting strong this morning...like I told Kastel on SI...something is cooking!

Wayne