CRL Drill program should now be completed at the Santa Teresa gold project. SP has been flat lately and is trading below last CR. Santa Teresa is known for Bonanza grade gold and historic grades of up to 958 gpt. ( drill results Imminent ) So the market has not recognized the potential here, and IMO CRL is trading at a major discount given 3 new projects add in the last year on top of their high grade Springdale graphite project that catapulted the SP to over 15 cps. Current followers feel this should be in the 3 - 5 cps territory ( my view is around 3.5 cps being reasonable value at this point)
CRL are currently trading at 1.8 / 1.9 cps. (way over sold) MC 12 mil SOI 691 mil COH $3 mil The potential that CRL offers at this point, is multiples of current SP ( IMO it will happen) News expected to flow over this quarter.
Projects Santa Teresa - Bonanza grade Gold (historic) Springdale - Graphite / Graphene Barraba - High grade Copper (historic) NT - Copper / Gold
DYOR
CRL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
