Have you checked with any brokers about their views on CRK?
What does BGF Capital now think about CRK? Why has there not been any further reports from them or any other broker? See CRK's website for the previous broker reports/views.
A lot of people just do a desktop analysis (however brief) of the company they intend to invest. Most (like me) have no understanding of the technical issues. I have a background in economics/accounting and rely on fairly simplistic views of the reported technical matters, like the JORC. A commissioned feasibility study puts matters in context and provide some assurance to people like me about the economic viability of a project, whereas I might just assume that a JORC estimated resource of 3 grams/tonne makes for a viable open cut gold mine.
One might consider that as there are in fact very few viable gold mining operations in Australia why should CRK be an exception?
I really would like to see current broker reports, preferably by those brokers with technical expertise.
I am confident that CRK will not be able to raise any more funds for exploration at a reasonable share price in the future unless they have made significant progress towards mine development. Hence their current exploration effort should be restricted to proving up a reserve that can sustain a mine, and not any further "resources".
loki
CRK Price at posting:
33.2¢ Sentiment: None Disclosure: Held
