Pete reviewing the last 24 months of ann's and announcements I doubt we will need to wait for 5+ years. I honestly think that if Summit takes 12 months to re-open and 12 months to get to full capacity and lets say 12 months to begin this cycle then 3 years should show strong growth. And I mean strong growth. I am only gong on the time from other companies looking to re-open mines however would love to hear from a better educated person on this.
Obviously this is reliant on getting the existing mine re-opened at Laverton from the flood, gold prices maintaining momentum etc.
I spent some more time last night trying to find out why this stock is so lo with current production and reserves and surely the spike that will happen when Summit re-opens it honestly boggles my mind.
I am waiting for some bomb to be dropped, lets hope it's a good one.
DYOR
CRE Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
