I am still doing dd on this one as Romania is a problematic jurisdiction.

The highlight was last month. Today's issue says:

"CPN: One of our latest portfolio additions, Carpathian has a mine in the making in Brazil and a world- class discovery shaping up in Romania. The former, called RMD, hosts a P&P reserve of 830,000 oz at an average grade of 1.24 g/t gold within 937,000 oz M&I, plus 587,000 oz Inferred. The latter is named Rovina Valley, a gold-copper porphyry containing over 3 million ounces in M&I and 3.9 million ounces in Inferred.

These two stories are very different in nature and, taken together, add an interesting twist to the CPN story. They are located in very different mining jurisdictions and are in very different stages of development. This makes CPN ounces valuable, but, as our table shows, not expensive: at the current market capitalization, the company has room to grow based on what it already has in situ."