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Canterra Minerals – Picking up resource stage assets to add meat to the bones

From caesarsreport.com

Canterra Minerals (CTM.V) announced a surprising acquisition in September as the company acquired four different projects from NorZinc (NZC.TO). The location of the projects in Newfoundland makes a lot of sense, and as the acquired assets come with a resource estimate, the transaction clearly is a big step forward for Canterra. The company changed overnight from an early stage exploration company to a resource stage company and although the focus remains on gold, we like the diversification as the newly acquired deposits contain quite a bit of silver and base metals as well. Canterra still has an enviable cash ... (full story)

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  • Category: Fundamental Analysis