I cant say i have the time to devote to this but a few things...

I cant say i have the time to devote to this but a few things stick out


Well there are always very many ways to evaluate and given situation, your way is one way but everything you have said is conjecture. it could just as easily be 1/10 or 10 times what ever your cystal ball tells you.

True would like to 1 Billion ounces its always better than 1/2 a billion. Now is that to imply that 1/2 billion is bad.

Dilution always one of the darnest things.

So i can say this
Oz in the ground 500,000
oz mine per year 50000
Cash needed to get running $50,000,000
lets plug in numbers
Gold price $1,500 $75,000,000
Cost to mine $600 $30,000,000
Capital and interest costs @ 10% $5,000,000.0

GP $40,000,000
Shares 221,000,000
return Per share $0.18

and i can say well they mine it more efficiently
and they need less cash to get running
and the gold price goes up
and they find better than expect gold levels
and they blah blah blah


Oz in the ground 500,000
oz mine per year 50000
Cash needed to get running $25,000,000
lets plug in numbers
Gold price $1,800 $90,000,000
Cost to mine $500 $25,000,000
Capital and interest costs 10% $2,500,000.0

GP $62,500,000
Shares 221,000,000
return Per share $0.28

Now i would pay 20c for a 10c return every year for 10 years that's a no brainer.


Now i would pay 20c for a 10c return every year for 10 years that's a no brainer.
Who knows whos right does it matter but to get a 10 bagger is never a sure bet and im sure your not going to pick a sandfire before it happens so one key aspect is Being there for a long enough time for this potential to possibly happen. The company needs to Drill holes and not dilute and a working CRC making cash can drill more holes than one that isn't and will by its nature dilute less so a 10 year free ride getting 5c divvy for 10 years while they drill in what i consider a prospective area and just maybe CRC finds the source of all that gold-