I continue to buy CRK. Count me naive but it ticks all the boxes for me for a long term hold with a near term dividend on production. Many site the large amount of the resource in the inferred category. I have not held a gold co that has not been able to confirm its conceptual ore-body at an inferred level by infill drilling into a measured one. It has only taken time and money - CRK has the money and is now active in this area and securing mining options without the huge capital cost of building one.
I would be interested to hear opinions on the risks of not being able to ultimately turn its resources into profitable mined oz's. Also the potential of finding new ore-bodies with in their tenements. Some good results from a new area recently reinforces our guesstimates?
I don't invest on belief. I like facts and can't quite figure the problem gold investors have with CRK when they so often drive up the price on some co's without resource statement at all.
I don't feel I need luck with this one, jsut a little more time?
Richard. O
CRK Price at posting:
52.7¢ Sentiment: Buy Disclosure: Held