undervalued gold stocks to buy, page-33

CRC is clearly one of the most undervalued high grade gold stocks close to production. With 250k recoverable ozs (at 7.2 g/t!), its $30M market cap is looking paltry.

However as usual, there is a SIGNIFICANT reason for its low price...that being that its project is currently subject to a environmental appeal. This appeal is due to be held on 1st Feb (can run for 10 days or so). This uncertainty has clearly held back the SP.

Its a personal decision whether people want to take this risk on. If the appeal is upheld and the requirements or delays make the project unfeasible, obviously the stock will get hammered.

I have a smallish position (compared to my other gold stocks anyway). Will add to it IF the appeal is thrown out or if the appeal provides additional environmental requirements that are not overly onerous.

Cdchi1