Cartier Resources – A discussion on valuation for the known +1.1million ounce gold deposit and expansion potential
Philippe Cloutier, President and CEO of Cartier Resources (TSX.V:ECR – US:ECRFF) joins me to address a couple questions regarding valuation of the stock. With a current resource of a little over 1.1million ounces of gold the value per ounce is below the average of similar stocks (see slide below). We also discuss the near term potential increases in the resource with all the drilling that is ongoing. The Company is also starting to drill at Benoist which could offer a whole new catalyst.
Please send me any further questions for Philippe to Fleck@kereport.com.