CRK 0.00% 26.5¢ carrick gold limited

what now for frank's dream?, page-3

  1. 5,904 Posts.
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    It would seem a little rash to sell out right now given how undervalued it is.

    I dont know the exact cash postition right now but the last quarterly had it at 23mil/139m units = 16.5cps.
    What is the likely value of the resourse?
    perhaps 10% for inground value?
    4mil oz x AUD1400 / 139m unit / 10 = $4.03 per share

    I'm not experienced at valuing & perhaps there's a +- factor for how advanced the development is & at least $100 leeway on POG.
 
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