the recent interest in CRC was totally the response to The...

the recent interest in CRC was totally the response to The Speculator's full article on our baby.

I can see where people are getting the wrong angle with the opts.

When the price of the heads goes up so does the opts by roughly the same amount.

Buying 3 opts now, therefore, should give you 3 times the price gain than a head.....for roughly the same outlay.

I feel what we should be looking to now is just how CRC will raise capital to build the mine. With the opts and the $2m from the partner and freehold land holding at least 330k ozs of gold the equity debt position looks the most viable.

That means another CR which, I hope, is done off market.

We are looking at further dilution but with a strong cash flow position a bank loan could be history after a few short years.