PepperThe problem is that neither BGF or Aegis have updated...

Pepper

The problem is that neither BGF or Aegis have updated their NPV estimates for CRK, or these would be on CRK's website.

I presume the NPV values were based on CRK actually mining gold. At present the reserve is far too small to actually have a standalone mining operation to back such valuations. The best they can do is toll treat the 41,600 ounce reserve they have identified.

Once we have a much bigger JORC reserve, say at least 500,000 ounces, we can talk in terms of NPVs.

We need to make sure we are not jumping ahead of where things really stand and infer valuations that are not soundly based. Sorry if I sound harsh, but the market is tired of all that inferred/indicated CRK gold.

loki (slowly waking up to the CRK reality)