The trouble is we are talking in something of a vacuum at the moment. Those who have more information on the actual worth of CRK should be buying or selling accordingly.
Viable reserves should be valued at roughly 10% of the gold price, inferred resources obviously less. The existing reserves should value CRK at over one dollar a share and surely around $1.25 a share. The three million inferred ounces would bring it up to the $2.00 plus mark I would have thought.
Certainly anyone I have talked to in the company has the view that the shares are worth $2.00 plus.
I presume we will know in due course!
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The trouble is we are talking in something of a vacuum at the...
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