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Message: Canplats anyone?

Does anyone else follow CPQ.V

They have less than 65 million shares fully diluted and are on the cusip of releasing a resource estimate on their discovery that is 50 kilometers to the southeast of Goldcorp's Penasquito mine.

http://www.canplats.com/s/Home.asp

It peaked out at over $5 and now it is going for a buck.

I think they will have will have over 3 million oz Au M&I and I would assume 2 million more inferred so it would be an ideal takeover target for any and every major.

Hopefully we will find out this week but I think it might take one more week until it comes out.

If there is anyone that follows it and wants to chew the fat a bit... How much money do you think it will be valued at In this market.

They have about $5 million in the bank. Not enough to start the next phase of drilling so I think management is leaning towards a JV or Takeover.




Nov 12, 2008 11:25AM

Nov 12, 2008 11:43AM
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