SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: goldsheet who wrote (383)7/25/2000 12:40:23 AM
From: goldsheet  Read Replies (1) | Respond to 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.



To: goldsheet who wrote (383)7/25/2000 2:58:09 PM
From: Claude Cormier  Read Replies (1) | Respond to of 4051
 
Bob,

Certainly one producer I like. I am watching it for now..depending on where gold makes it bottoms, ARZ could also bottom near $0.65-$0.65. But it couls as well have already make its bottom. It will certainly be a mover in the next bull...



To: goldsheet who wrote (383)7/25/2000 5:52:29 PM
From: Claude Cormier  Respond to of 4051
 
Bob,

I read again Casa Berardi feasibility study. This will be a great producer in the next cycle. However, I am not sure it will go before gold are steadily above $300. Although costs are low, CAPEX are very high lowering the IRR to below 10% after tax.