CRK 0.00% 26.5¢ carrick gold limited

RPThanks for explaining your excessive interest in CRK. I hope...

  1. 11,125 Posts.
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    RP

    Thanks for explaining your excessive interest in CRK. I hope CRK works out for all. I have sold out and moved on for now. Making a few $s elsewhere is better than sitting and hoping and wishing.

    CRK has some significant hurdles to jump - like proving up a reserve (it only has a resource, which given the nature of surrounding deposits, is of questionable value without extensive exploration.)

    I believe that Freedman accepted the findings of the CRK geologist, and did not seek outside specialist advice on those findings. If the CRK geo was wrong in his estimations, and they often are, then the size of the deposit will be much less than currently estimated. This happened recently in a nearby tenement of Norton Gold Fields which built the Homestead underground mine and had to stop mining becaue "the gold disappeared". It turned out that they had a narrow vein gold mine, and the size of their deposit was much smaller than originally estimated.

    loki
 
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