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Another good one.
Well-established, older, stable,
proven, experienced management, etc.
AND it paid a 1.5c dividend in Sept
2003!
Again, chart looks good to my expert eye
...
----- Original Message -----
Sent: Monday, April 19, 2004 5:38
AM
Subject: [sharechat] CRS Upside Potential
Looking Good.
Latest April 04 Aegis Equities Comments
Norseman
continues to produce at a solid rate, expected to be 130Koz in
FY04.
Exploration results have been excellent with initial reserves of 43Koz
at
St Patricks, new discoveries at O'Brien Vein and HV1 East and
identification of many other targets. Davyhurst production is forecast at
100Koz this year with the exploration focus at Callion and Golden
Eagle.
Great potential exists in the discovery of new high grade reefs
and in known
reefs such as in link structures at Bullen. CRS is a major
participant in
the Australian gold sector both as a producer and explorer.
It is the third
largest Australian controlled producer, with total
production running at
close to 250Kt pa. Current gold resources amount to
2.8Moz providing ample
opportunity to add to reserves. It is a very active
explorer as reflected in
its significant exploration budget of over
$8.0Mpa. Cash flow of $25M pa and
cash of $21M give CRS the ability to
seek meaningful acquisitions.
Lazy
Haggis
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