CRS 10.3% 2.6¢ caprice resources ltd

Having said the above, let me CRS's second quarter was bad as a...

  1. 1,816 Posts.
    Having said the above, let me CRS's second quarter was bad as a result of treatment plant problems --- as the company's stated, these problems have since been corrected.

    My quoted net cash flow figure of $30M was partly based on the performance of this bad second quarter. Approx $40M would be a figure that's more representative of the free cash flow generating ability of CRS over the full year.

    This changes my quoted free cash flow multiple from 10x to aprox 7/8 x ---- which is reasonably undemanding... considering the history of the Central Norseman region.

    Not dirt cheap --- but not expensive either, considering we're in a gold bull market.
 
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2.8¢ 2.8¢ 2.6¢ $60.73K 2.277M

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