Richfield Ventures is getting bought out by New Gold for $550mm. It has somewhere around 3 million ounces in the ground. Not even close to production. This equates to $183/oz.

CMM is trading at $200mm market cap. ~2.5 million ounces of reserves and resources (this excludes the inferred number... and ignored the exploration upside of the company). This is $80/oz... CMM is producing right now! Whatttt? Richfield better have expected cash costs of $200/oz.

When is a white knight going to step up for CMM? Gold's at $1450. Buying CMM is like buying a money printing machine.