crs..good buy or not?, page-13

Croesus numbers are currently impressive . However with its recently upgraded reserves to 625000 oz at a forecast production of 300000 oz per annum CRS has 2 years mines life . Indeed CRS is exerting great efforts in prospecting around the norsmann deposit . The abilty to generate 3-5 years reserves to replace 300,000 ozs every year is not an easy task likely to be accomplished in 1 year.If you want to talk about a company in a the same light over CRS , one would have to say that Kingsgate Consolidated ( KCN ) with cash cost of USD 58-63 per oz probably has the best business model and growth prospects of all gold stocks listed in Australia.A compact unit it has the ability to generate more profit than CRS for less shares over longer period of time with a respectable duration.Its present Chartree mine in Thailand has 6 years life time . It has been suggested that one of their prospected grounds is looking pretty positive .
As to CRS . It would be fair to say that they are also looking to good new findings .duff