Recent activity of mergers and buyouts in the gold producers resource sector indicates to me a rationalization ahead of a major sustained jump in the price of gold.
Mid tier miners will get better finance deals as small miners wither on the capital vine.
That said just where would this put CRC considering at what stage it's at in it's development and financing needs.
300k resource with potential of ~one million ozs on current leases, mining approvals etc in place and surrounded by numerous leases it could buy and tie potential resources into it's milling operations.
I'm wondering how many eyes are passing over CRC with possibly money being the issue holding development.
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