RE:Should CRK be worth about 40 cents by years end? This is one of the cheapest 200k gold producers available.
High cost producer with 3 profitable quarters in a row in the middle of the gold bear market should be the clear outperformer.
Q2 14
- 53,612 ounces of gold and generated net income of $3.93 million or $0.01/share for the quarter.
- Crocodile Gold generated cash flow of $18.2 million or $0.04/share from its three operating mines
Q3 14
- 55,909 ounces of gold production helped lift full year 2014 production guidance
- Strong operating cash flow of $18.2 million consistent with $18.3 million in Q3/13
- Net income of $8.6 million versus
Q4
58,796 ounces and sixth consecutive quarter of gold production above 53,000 ounces. $6Mio more cash in the bank with a cash investment of $5Mio in Q4 for the canadian project
net income should be $11-12Mio or $0.03/share