s.p. the results you refer to are from NEW discoveries just drilled, the company is aiming to prove up 10mill. oz, please refer to previous company announcements. Most of the mineable ore is at surface, unlike CTO where its deep, also CTO have just over 900mill. shares on issue and just over a mill. in the bank. One thing I agree on is that CTO is even more undervalued than CRK (they should be trading @ 0.145 in comparison to CRK), maybe its because they are about to take on debt & issue more shares?
CRK Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
