Long time since I held this stock but I think it is worth keeping an eye on as they might have got their act together to work out how to produce gold for less than what they can sell it for, even if processing is being outsourced. Worth remembering they still have an inactive mill and if the POG keeps going up they might again start their own milling as well.
From memory they still have about $20m?? out of the $110m Deutsche Bank originally bought in with (not one of their better investments)and CRE is hedge free.
Lately there has been action around the $0.22 area and any bids are being met by a keen seller or sellers which is a bit of a worry.
The chart shows a gap around the $0.18 level and any correction in the POG will probably see this gap filled ready for the next up leg.
cresent trend up on back of gold .dow, page-2
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