CSG's reserves and resources
posted on
Nov 04, 2007 11:50AM
I'm sort of wondering why CSG didn't list "La Fortuna's resources in its "Current Mineral Reserves and Resources" table. Is there something inherently "special or different" about La Fortuna versus El Castillo and El Sastre? I just don't get it.
In one of the later pages in the company's presentation it listed (although today that particular table is 'blacked out for some reason') various other companies and their market valued reserves. Not surprisingly it showed CSG as one of the most undervalued for its reserves. On the other hand the table doesn't take into account levels of debt, resources, and intangibles, etc. for each particular company. So it truthfully doesn't take the big picture into account. But even so, at least with all else considered roughly 'equal' (whether realistic to do so or not) one cannot help but to wonder just how much more undervalued ON PAPER (perhaps even ridiculously so .....with perhaps being the key word there) CSG might end up being after the resources are turned into reserves by end of Q2, 2008. Even with the silver and copper 'ignored' the resersves in gold added alone would increase CSG's total reserves VALUE alone greater than 60%. Would this not be a potential catalyst in 2008 to help propel this stock significantly higher in 2008?! Or is this already priced into the stock? Who knows?