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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: goldsheet who wrote (383)7/25/2000 12:40:23 AM
From: goldsheet  Read Replies (1) of 4051
 
While I am thinking online, what's going to happen to Crown Resources ? I noticed it hit $US0.50 today giving it a market cap under $US8M.

It is unfortunate the Crown Jewel project (1moz P&P, .5moz M&I) in Washington state is taking forever and may never get approved, and Battle Mountain wrote their entire investment off.

The company has $US4M in cash, and owns 57% of Solitario Resources, which is worth another $US6M. Solitario has over $C7M in cash on their balance sheet and plans to merge with Altoro Resources.

Wonder if there is something there that would appeal to Newmont, since Newmont is buying BMG and they have previously worked with Crown/Solitaro on Yanacocha.
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