The heap leach got the flick, unfortunately. The experiment gave 'undetermined' results.
The toll will happen, according to the plan. Some annoucement should come in the next month or two.
So they will boringly scrape up the tonnage and truck to a mill and keep the profit.
I cannot see any downside. But they sure are flying under the radar. To me they will do this:
1) of the 4 mill myth resources they will prove 2 mill 2) they will end up over the years at 1 mill reserves 3) they will toll 50k oz a year for 20 years 4) they will poke around and mabye find more?
On the numbers I have seen their PE is under 10. And they will pay dividends very soon.
That is my hope. And my belief is gold, over the years will increase much more than costs of mining it. So the simplest mining companies will do well
CRK Price at posting:
28.3¢ Sentiment: LT Buy Disclosure: Held