RE: CRJ Less Than Book Vulture,
I like CRJ/CGR but I must comment on the following:
"CRJ is an exploration company that is dabbling in production"
CRJ has "dabbled" in production for the past 20 years. Its a small high cost producer but one I think that can lower overall costs and increase production. Problem is, gold prices have not been helping out. One day, however, all three will come together.
"market cap is less than the cost of the mill"
What CRJ/CGR spent last year alone to upgrade/improve the mill is 50% of the market cap. When one looks at the infrastructure at Madsen and near term production there most likely in 3 to 5 years, its a head scratcher for sure.
"What have I missed?"
Even the bulls on CRJ/CGR would say "inept" management.