Q: Would love your thoughts and any information you can share with me on this small cap Gold mine in the Golden Triangle in North Western BC?
They apparently are starting Construction of another mine!
Thanx as Usual
Gary
They apparently are starting Construction of another mine!
Thanx as Usual
Gary
5i Research Answer:
CAMB recently rebranded from Ascot Resources, completed a $175 million refinancing, and is advancing a hub-and-spoke strategy feeding the existing Premier mill with ore from the Red Mountain satellite deposit - construction of the access road is underway pending regulatory approval. Recent drill results have been solid.
The concern is the history - Ascot went through a painful restructuring and creditor settlement before emerging as Cambria. It is a very small company, pre-revenue, and largely funds operations through share issuance. With gold prices elevated, the setup is better than it has been in years, but this is a development/restart story with real execution risk. We would be cautious here.