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relikwie

03/15/12 8:52 AM

#128 RE: PAYDAY11 #127

This company is a prospect generator. They search and develop prospects to sell them or to option them out to stronger in capital
developers that can mine them and pay for it in royalties. I do not see CGP running a mine. It's not their cup of tea.

Some are very successful in generating prospects, turning every 2 of 5 grasroots project into revenue, while other lack the luck and expertise and disappear fairly quick.
In the time I followed junior explores one thing has become clear to me, it is a gamble (a long hold), where the odds increase dramatically when you
have firm and good management and expertise (experienced staff) and long term strategy. And there exists this important variable called "luck".
Rocks guide and deceive.. Finding a deposit is rocket science :)

warant

03/15/12 12:37 PM

#129 RE: PAYDAY11 #127

Good morning PAYDAY11-- I understand your thinking at first. I felt the same way at first when I got involved with CGP at that time they were a private company. As Rel stated in his post they area prospect generator-- Good morning also REL.

They are not working for other companies, all the properties are there properties that they JV out to other companies to do the major lifting on the property, the other compnay spends their money to bring the property further along usually with some sort of a split in ownership 70/30, 60/40, 50/50 or so and so.

At this point in time our best property or should I say our most advanced property would be with Thundermine Resource (THR) a JV at a 50/50 split on costs.

As for the SP i know it sucks, but IMO at this point Ibelieve it is a steal...

If you would take a little bit of time and do some DD on CGP web site I think you would get a better a picture of CGP.

All the best in your investment decisions.

Cheers