perhaps we are under valuing crc

The last couple of weeks, with the regional problems in North Africa and the Middle East, commodities have taken a hike.

Apart from the 'safety haven' syndrome, the ultimate currency belief, China and India creating a shortage etc gold is now looked on also with the eye to security.

With the possibility of 3 countries having popular uprisings and government changes in 3 months, the world is not safe anymore....buy gold.

Now the world is not as safe as 6 months ago and gold is becoming more valuable gold producers will be looked on as the producers of security albeit through the rise in the gold price.

It is entirely possible that next year (or sooner) gold will break past $2,500. What will that do to the gold producer?

Compare the values now to then. CRC, with further reserve increases, will become more valuable.

Do this:

value CRC as though it is about to commence mining and gold is $1400/oz. Costs are, I think, $900 AUD/oz.

Now value the business at $2,500/oz less $900.

Look at your two valuations. CRC will be worth a lot more; try 350% more.

Yes indeed, you do own a "goldmine".