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Experts Commenting on This Company
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Crocodile Gold Corp.TICKER: CRK:TSX; CROCF:OTCQX
Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia and a land package of over 2,700 sq. km. The company plans to produce 77,500–82,500 oz. Au in 2011. The company currently has 3.1 Moz. of NI-43-101-compliant measured and indicated resources, 2.1 Moz. inferred resources and an aggressive exploration program on its prospective land package. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
Gary Baschuk, Raymond James (4/17/13) "Crocodile Gold Corp. released preliminary Q1/13 production results from the 100%-owned assets in Australia. . .we view the news as positive: Total gold production was ahead of our estimates (48,539 oz versus our expected 45,138 oz) and Cosmo continues to ramp up. . .we continue to recommend accumulation of shares with an Outperform rating and $0.80 target."
Gary Baschuk, Raymond James (3/8/13) "Crocodile Gold Corp.'s operations improved throughout 2012 with production, revenue and cash flows all increasing quarter over quarter while costs drifted downward; we expect these positive trends to continue in 2013. We maintain our $0.80 target and Outperform rating and recommend accumulation of shares."
Gary Baschuk, Raymond James (3/1/13) "Crocodile Gold Corp.'s underground Cosmo mine has reached 75% of expected steady-state production and declared commercial production today. . .with commercial production of the Cosmo mine declared, we view the company as passing a major hurdle and recommend accumulation of shares. We maintain our $0.80 target and Outperform rating."
Gary Baschuk, Raymond James (11/15/12) "Crocodile Gold Corp. released financial results for Q3/12. . .we view the news as positive; the company's assets continue to show progress and Cosmo continues to ramp-up toward commercial production levels. . .production numbers were previously released and in-line with our expectations with a total 45,963 oz gold. . .ounces produced and sold were 26% and 32% higher than in Q2/12, respectively, a substantial improvement. . .revenue was higher than expected at $78.7M (vs. our estimate of $72.9M, including $13.9M in capitalized revenue from Cosmo), 38% greater than the $56.9M reported in Q2/12."
Gary Baschuk, Raymond James (10/15/12) "Crocodile Gold Corp. announced production results for Q3/12 with 26% more gold produced than in Q2/12. . .we view the news as positive, as the company was able to increase production through both higher grades and higher throughput. . .Crocodile plans to provide an updated reserve and resource estimate in Q1/13 for all Northern Territory assets."
