Replies to post #1184 on Cadan Resources Corp (fka CXD)

[oeo2oo]

So, we finally have an updated NI 43-101 showing 1.3 million ounces of gold as indicated and inferred resources.

Applying an in-ground valuation of $70 an ounce would value the company at $90 million, or over $2 a share.

And the fact that Cadan is moving rapidly toward production should mean that Cadan would be able to finance further drilling to expand those 43-101 resources without any further shareholder dilution. I certainly hope that happens. And if it does, then 5 million ounces would imply a valuation of over $8 a share.

I like that number. :-)