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
3.6¢ |
Change
0.004(12.5%) |
Mkt cap ! $10.05M |
Open | High | Low | Value | Volume |
3.3¢ | 3.6¢ | 3.2¢ | $39.62K | 1.159M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 93950 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 182776 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 93950 | 0.035 |
1 | 70000 | 0.034 |
1 | 798412 | 0.033 |
2 | 280000 | 0.032 |
2 | 783333 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 182776 | 1 |
0.038 | 700000 | 1 |
0.039 | 439176 | 2 |
0.040 | 1073202 | 3 |
0.041 | 500000 | 1 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
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Change
0.004 ( 3.13 %) |
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Open | High | Low | Volume | ||
3.4¢ | 3.4¢ | 3.3¢ | 298718 | ||
Last updated 14.13pm 31/05/2024 ? |
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