RE: RE: Gold swap >>>The only mine they retained other than the three producing mines is Pine Creek which also only has a 3 year expected mine life.<<<
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Ah, er, um.... not to discourage one who is trying to see the whole picture, but me thinks one needs to dig a bit deeper into CRK!
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The "prize" with Croc is the potential at the Union Reefs Project - Prospect Deposit and the Maud Creek Project. Union Reefs and Maud Creek ain't Stawell, Fosterville, Cosmos nor Pine Creek. The reason The Prospect Deposit is so interesting is that it sits on the Union Reefs property No need to haul ore from miles away when it can be trucked a few football pitches to the mill. But apparently in that reviewers estimation, that potential doesn't count?
Also take another look at that area south of Pine Creek, Maud Creek. Maud Creek has nearly a Million ounces of Gold at 3.1 gpt (nearly the same concentration as Stawell). Apparentlt CRK has been working on a scoping study and a resource estimate for Maud Ck.
But don't understand why you want to paint Fosterville as going out of business soon? They have 1.289 Million ounces of gold in the M&I category ! Fosterville should be around for a long time.
So before one gets all doom and gloom and writes how the gold swaps are going to be the death of CRK, perhaps one should at least read/look at the latest Corporate Presentation? Or maybe just one of the last 10 or 20 Presentations? Oh, and a call to Stan Bharti's offices to talk to management, perhaps might shed some education as well?
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Finally if one was so on the edge with CRK that the sale of those properties was enough to tip one's opinion - imho, one should have sold CRK ages ago. The potential in those properties is LOW and will require a lot of cash. Sure it appears to have been a sleazy deal, selling to another Stan Bharti company, but CRK's desire to sell those properties has been known for along time so it added nothing to the market Cap/valuation.
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Or was one's post just an excuse to pump one's other favorite miner?
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Good luck.