Carpathian Gold Inc (CPN.to): Just in case you were wondering......

In IKN44, dated March 7th, this was part of the contents:

Carpathian Gold (CPN.to) in the crosswires

No NOBS report this week. However it was a close run thing, so here’s a full disclosure on where this author stands right now as regards NOBS report target Carpathian Gold (CPN.to).

CPN is a junior exploration stage gold miner with two main projects, namely the RDM project in Brazil and the Rovina project in Romania. Both can be considered flagships in their own ways, because although Rovina is much larger (7m oz Au M+I+I plus copper credits) and looks like a solid property, the Brazil RDM asset (1.3m oz Au M+I+I) is close to a final build decision and if all goes well will be online next year.

I’ve spent plenty time on CPN this week and like how the numbers look. At its current $0.345 share price, which represents a market cap of $96.74m, it looks a bargain and it’s likely to be called as such. However I feel I need more time is needed on background checking of the people and the assets, both in Brazil and in Romania, so rather than rush into a final decision this week, I’m going to give myself the extra time, get more comfortable with the background to the stock and defer the NOBS report until IKN45. Still, take this little note today as a headsup primer; right now I’m positive on the company as a potential investment, the numbers are looking good etc but the final decision will come next week. In the meantime, if you like why not check out the company website yourself (1).

Then indeed in IKN45 out last weekend, we did run a full NOBS fundamental report on the company, called it a buy and added it to our 'Stocks to Follow' list (which never has more than 15 names included, by the way). So let's see how things are going so far this week:

What say you, owly?

If you want to look at the report, join today (the button is over there at the top right of the blogpage) and I'll glady send over the latest editions. Just sayin'...