fundamental revaluation of carrick gold, page-13

Standard little fibo correction from the PIVOTAL RESISTANCE abt 85

FIRST wave of usually 5 in new primary "A" was from 50 - 85, nice little move, retrace now, buying opportunity.

Techno breakout from 85+ T+3 and next pause IMO will be 140 level.

U gotta do the TIME as well as the PRICE

Seems obvious that lot of u guys havent been around this game too long.

Peer group typical Fair Valus for emerging producers wwith funding in place OVER 100 mill market cap / 1 mill ozs

5 mill ozs base would justify 200,000 + ozs pa production rate.

Makes it a TAKEOVER SPESH with added premiums likley.

CRK has 5 bucks written all over it on FUNDAMENTALS if / when they get their act together ....... BFS / project funding

And thats at current SPOT GOLD ..........actully opex likely to be at LOWER end of scale so can go higher on EARNINGS u wld think.

KEY TO THIS NEXT is to get market warming to thought of production likely withing next 18 months say , even if lessor initially ?

BIGGER KEY to this is to get major goldco looking for extra unencumbered ozs sniffing now for a strategic 20% say stake in CRK


Looks a SERIOUS emerging local GOLDEN play and THERE AINT TOO MANY AROUND IN OZ ATM ........... premium again.

CRK is one for yr SMSF

Unless of course it is just a scam ? ........ nah doubt it.

Might retrace back to breakout line mid 60s first in weak market but that would make it a MUST BUY.

Just as likely to motor thru 85+ anytime .......

IMBOOC