When will this CRS boom stop....my theory is pretty soon.....but that’s not a bad thing?
In 2002 CRS finalised the merger with Central Norseman Gold which gave it a production capacity of 250,000 ounces per annum.......
With an expected 250,000 ounces to be produced this year CRS should have revenues in the $72 million USD range according to the price of gold today i.e $310.......which should give it a profit of $4.65 million (USD) or EPS of $0.059 AUD after the average 6% profit margin is factored into the equation...
Realising this will give CRS at its current price an P/E ratio of 15.5....which is above the sector average P/E of 14.25.....which would mean that the current run up over the past 3 months should cease for now......but CRS should stay quite volatile in the future as the price of gold is rising to 3 year highs thanks the increasing demand from the Jap's and the devaluation of the USD....
Fundamentally CRS is a good gold stock with cash reserves of $24 million.....and AMP being a 9% shareholder...with expansion prospects in the future...
Currently i do not hold CRS...buy you can bet your bottem dollar i would be soon...but i wont go crazy at it...but instead buy into the fluctuation of gold if your one of the smart ones....
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Last
3.8¢ |
Change
0.006(18.8%) |
Mkt cap ! $10.61M |
Open | High | Low | Value | Volume |
3.5¢ | 3.9¢ | 3.3¢ | $268.1K | 7.336M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 464298 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 927777 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 464298 | 0.038 |
3 | 2000000 | 0.037 |
2 | 1100000 | 0.036 |
1 | 30000 | 0.035 |
3 | 900000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 927777 | 4 |
0.042 | 466667 | 2 |
0.044 | 247778 | 2 |
0.046 | 220000 | 1 |
0.047 | 277778 | 1 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
  |
Change
0.006 ( 15.6 %) |
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Open | High | Low | Volume | ||
3.3¢ | 3.9¢ | 3.3¢ | 1657191 | ||
Last updated 15.45pm 21/05/2024 ? |
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