Cap-Ex Ventures Ltd. (CEV, TSX-V) continues to consolidate after a powerful run that took it from a low of 25 cents October 3 to a high of $1.25 November 22 following a major iron ore discovery in the Labrador Trough near Schefferville, Quebec.
Given drill results to date as well as the nature of the Block 103 magnetite system, Cap-Ex is sitting on what could very well turn out to be Canada’s largest iron ore deposit – and one of the very best in the world – as President & CEO Brett Matich explained to us in an exclusive BMR interview today. Block 103 is massive but the potential size of this deposit is still speculation as it’s too early for a NI-43-101 resource estimate. The involvement now of Forbes & Manhattan as a financial and strategic partner with CEV does speak to the magnitude of this discovery and its potential implications.
Cap-Ex closed today at 96 cents for a current market cap of $42.5 million. Not only there is strong underlying fundamental value with this play, but the stock is underpinned by solid technical support, as John’s latest chart showed, including a recent reversal to the upside in the 100-day moving average (SMA).
Click on the link below to listen to Part 1 of our interview (14 minutes) with Brett Matich. Part 2 will be posted during the day Friday.
BMR Dec. 8 Brett Matich Interview Part 1
Note: The interviewer holds a position in Cap-Ex Ventures. No compensation was paid to BMR for this interview in accordance with BMR policy. Please read our disclaimer. Our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. Always perform your own due diligence.
Thanks for the interview. Hope part two speaks to the “DSO” finds on the site.
Comment by Les — December 8, 2011 @ 9:14 pm
It does, that’s an important part of the equation here.
Comment by Jon - BMR — December 9, 2011 @ 2:58 am
Yes Jon, and others, the DSO results will take CEV to the next level. Also, the the deal with the Cree’s by CJC is huge at this point. The indian issue is what dropped CEV all the way down to .25. CJC locking this up before the first assay is huge in my opinion. Cheers to all who own positions in both.
Comment by dave — December 9, 2011 @ 6:17 am
Thank you, Dave, for your valuable contributions…
Comment by Jon - BMR — December 9, 2011 @ 7:13 am
you are welcome JON. And may the holders enjoy a beautiful holiday shopping season and sleep with ease holding both of these beauties.
Comment by dave — December 9, 2011 @ 7:31 am