croesus must be good value, page-3

Don't know much about CRS other than a trading stock a few months ago.

Market cap is approx 200 million AUD.
1/2 year profit is 4.5 million AUD.

I take it they are sitting on some big reserves and profit will jump by multiples to justify above cap.

Have heard by other posters that current reserves only have a 3 year horizon??????

If this is true something does not add up as CRS would be overvalued even allowing for cash reserves.

Obviously I have missed something.

If you believe in gold long term I believe BSG and BDG are the go.
CTO and BGF for the gamblers.
As you can see there is a theme re the above all are potential low cost producers with huge reserves in Australia the exception BSG is just a very good little company.