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Gold/Mining/Energy : Crown Resources Corp. CRO.TSE CRRS.Nasdaq

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To: CLK who wrote (12)5/18/1999 3:24:00 AM
From: baystock  Read Replies (1) of 21
 
CLK, I took a look at Golden Cycle's 10K. Yes they own 1/3 rd of a joint venture on a very attractive mine that produced 230,000 oz in 1998. But the stock price has been stuck in a $6-$10 trading range the last 2 years and I don't see why this should change. This company is almost unheard of, trades on an unknown exchange and has limited growth prospects. Also the joint venture has to pay off $150 million in loans before GCC can receive any income from their one and only asset. You may want to take a look at GSR which has much higher visibility and growth prospects provided the POG recovers soon, and probably has just as much gold per share, if not more, than GCC.
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