CRC cortona resources limited

re: looking much better..... As I said previously, Cortona is a...

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    re: looking much better.....
    As I said previously, Cortona is a tightly held stock with investors waiting for the next instalment to unfold. Cortona is a promising gold junior in the right area of WA - the Kalgoorlie region.

    There are some news to come out soon which may include the following:

    * drilling results at Wombola Dam to increase confidence
    levels of the resource.
    * initial pit optimisation for Wombola Pit resource
    * discussions with large nearby gold producers regarding
    potential feedstock
    * potential JORC resource upgrades
    * commission scoping studies for both Wombola Pit/Dam
    resource

    The stock is trading at a low EV valuation, hence, given the possibility of cash-flow generation in 2007, this stock could move much higher leading up to possible production.

    Great management team and little if any geo-political risk should be a great bonus to investors. A write-up in 'Resource Stocks' in December 2006 is worthy of a read.

    Cheers Freakme
 
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