Every producer at one time or another only had a resource in the ground
They then undertook steps to progress towards production
CRK are doing this with their scoping study but imo it doesnt seem like Franks goal was production rather I think he wanted to prove up such a large resource that the company would get taken over
You have to realise we are right now seeing super gold prices at $1400/oz AUD the IGV of this deposit is $5.6Billion
To me its all about location location location
If this deposit was in the middle of nowehre then I would heavily discount it however its not
Its located in arguably Australias most prolific gold area the Kalgoorlie area
There are plenty of companies and mills in the area IGR RMS AVO NGF to name but a few
At some point this gold will prove to be worth more than $10/oz to someone else
CRK Price at posting:
42.9¢ Sentiment: LT Buy Disclosure: Held
