Cardero Resource in Focus
Last week's $500 million purchase of Talisman Energy's Sukunka deposit provides the perfect opportunity to retrain our focus upon the uncommon value present in shares of Cardero Resource. And because excerpts from my recent interview with Cardero CEO Michael Hunter will be available this week, it also offers the ideal catalyst to renew our ongoing examination of the company and its portfolio of valuable assets. Those unfamiliar with Cardero may wish to begin here:
As you can see, the Peace River Coalfield has grown quite crowded with major operators through this ongoing consolidation event; such that Cardero's Carbon Creek deposit stands out glaringly as the last advanced, major project in the hands of a junior. Cardero's stock trades for nowhere near the clear and onservative market value of its 75% stake in Carbon Creek, LET ALONE the company's potentially world lass iron deposits in Ghana, the non-core ferro-titanium discovery in Minnesota (which BHP Billiton called "the largest ilmenite deposit in North America"), a cozy cash position, and a completely overlooked and valuable portfolio of equity investments.
Keep doing your homework on this one! This has now grown into my second largest equity position in my own portfolio, and I aim to continue acquiring shares. As I prepare to publish my interview with Michael Hunter this week, I want this blog post to serve as a sort of notebook for our collective examination of the stock.
Thank you in advance or taking part, and for keeping this post on-point.