CRK 0.00% 26.5¢ carrick gold limited

I'm fine with them. Representatives were at the AGM. The Chinese...

  1. 1,544 Posts.
    I'm fine with them. Representatives were at the AGM. The Chinese are canny investors and don't like to throw money away. They have quite a big foothold in Carrick and may wish to increase that. Whichever way you look at it, it is very cheap gold for them.
    There's a lot of pressure on gold right now, what with the Middle East troubles and a US dollar that is not really worth a dollar. If it breaks through $1,420 which certainly seems possible, the next target is $1,520. Gold in the ground becomes more valuable and desirable. Even lower grades become capable of being mined profitably. If Carrick has, let's say, to be reasonably conservative , 2.5million mineable ounces, another $100 on the price of gold should in theory add $250 million to the value of the company - it's all extra after all. Sounds like fantasy, doesn't it? Maybe it is, maybe it isn't.
 
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