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Canada Carbon Inc V.CCB

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s): BRUZF

Canada Carbon Inc > CCB and CDU

December 13, 2013 - 02:46 PM  
126 Reads | Post# 22004322
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two ten-baggers
for sure

The Gold Report Interview with Eric Muschinski on Cardero

TGR: Any other juniors that tickle your fancy?

EM: I'll give you two new juicy picks, both outside of the gold box. The first is Cardero Resources Corp. (CDU:TSX; CDY:NYSE.MKT; CR5:FSE), trading at $0.14. This is a coal play and it is terribly cheap. An insider has stepped up to finance the company after a previous partner tried to steal its world-class Carbon Creek resource in Canada for pennies. This insider is in it for the long term so money is not an issue for the company. I believe Cardero will sell in the future for a significant premium to current prices. It was a $5/share stock in 2006 and $1 not long ago. Tax-loss selling is in effect and I have my catcher's mitt on, gobbling up a large position here in the teens.

Coal stocks are in the gutter just as gold and silver stocks are, but the market will turn around just as the sun rises in the east and sets in the west. When it does (and there are early signs that it is now), it will be fierce as coal is a very volatile commodity. I haven't written a public report on this one so your readers have to do their own homework. But I don't think the company would sell for less than $1/share and if you look at comps from other deposits bought by majors in the area (there are only two left owned by juniors and Cardero is much further along and is higher quality), we could justify closer to $3/share as the ultimate price tag. This one won't happen overnight but for patient investors, the price here is a total steal.


Read more at http://www.stockhouse.com/companies/bullboard/t.cdu/cardero-resource-corp?postid=21902905#Kmh68ojzDUqoc9ZP.99

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