CRS 3.23% 15.0¢ caprice resources ltd

CRS-CROESUS!!!

  1. dow
    121 Posts.
    When will this CRS boom stop....my theory is pretty soon.....but that’s not a bad thing?

    In 2002 CRS finalised the merger with Central Norseman Gold which gave it a production capacity of 250,000 ounces per annum.......

    With an expected 250,000 ounces to be produced this year CRS should have revenues in the $72 million USD range according to the price of gold today i.e $310.......which should give it a profit of $4.65 million (USD) or EPS of $0.059 AUD after the average 6% profit margin is factored into the equation...

    Realising this will give CRS at its current price an P/E ratio of 15.5....which is above the sector average P/E of 14.25.....which would mean that the current run up over the past 3 months should cease for now......but CRS should stay quite volatile in the future as the price of gold is rising to 3 year highs thanks the increasing demand from the Jap's and the devaluation of the USD....

    Fundamentally CRS is a good gold stock with cash reserves of $24 million.....and AMP being a 9% shareholder...with expansion prospects in the future...

    Currently i do not hold CRS...buy you can bet your bottem dollar i would be soon...but i wont go crazy at it...but instead buy into the fluctuation of gold if your one of the smart ones....

    Dow



 
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Last
15.0¢
Change
-0.005(3.23%)
Mkt cap ! $4.912M
Open High Low Value Volume
15.0¢ 15.0¢ 15.0¢ $37.11K 247.4K

Buyers (Bids)

No. Vol. Price($)
4 105000 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 15000 1
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Last trade - 15.55pm 24/01/2020 (20 minute delay) ?
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