Yes I agree sean7905. Three valuations over the past year or two have put them around that - before gold went up. Ultimately they should be worth a lot more. Four million ounces, but let's say 2.5 to be conservative, would be worth $5.6 billion or at 2.5 $3.5 billion. 10% of that, in line with some estimates for takeovers, would be $350 million or around $2.50 a share, so $2 is not far off. That is what I have been working on for the past few years. The current 55c is a very depressed price based on doubts and fears by shareholders which have not yet been allayed by the new management. By the end of June, early July we'll have a pretty good idea where we are going.
CRK Price at posting:
53.6¢ Sentiment: Buy Disclosure: Held
