RE: RE: RE: Gold swap Keys to the future from today's news release:
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- t Union Reefs, compilation of the 2012 drilling program results was completed and is being incorporated into a revised resource estimate. Desktop study work was completed and a decision on the next phase of work will be communicated upon the Company finalizing its three-year plan.
- At Maud Creek, a revised resource estimate is in the process of being calculated. Desktop study work was undertaken in 2012 and was essentially completed by year end. A decision on the next phase of the project will be communicated upon the Company finalizing its three-year plan.
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Translation - Desktop Study is likely the Company's internal Feasibility Process where they look at a mining scenario and calculate its future cash flows, capital requirements and economic factors (rate of return, net present value, payback period.)
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So what we should expect to see in the next 2-months is a comprehensive plan of how CRK moves forward and grows; how it will deploy its capital to achieve that growth and what are some production targets.
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But seeing CRK hit its guided targets is a good thing! Looks like the days of 'over promise, under deliver' are behind us.
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Compared to peers a 200K opy miner should be worth at least $1.4B market cap. Even at half of that Market Cap, CRK could be a 4-bagger from here.