Seeking Alpha

Caesars Report's  Instablog

Caesars Report
Send Message
About: Caesars Report helps retail and institutional investors profit in the equity markets. We cover many companies in our Research Reports, Trading Alerts and Stock Portfolio. We have advice for every investor no matter how big or small their portfolio may be. We prefer smallcap stocks above... More
My company:
Caesars Report
My blog:
Caesars Report
  • Mining Top 25 for 2010 - 13 - Cortona Resources Limited 0 comments
    Jul 16, 2010 8:37 PM | about stocks: SPORQ



    This article was released in January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

    Price  A$ 0.145

    Ticker  ASX : CRC
    O/S  153,054,000
    Avg. Volume  375,650
    Market Cap  A$ 22.26M
    Sector  Mining (Gold)
    Countries Active  Australia
    Cash  A$ 11.0M

    52 Week Low:  A$ 0.09 (1/29/2008)
    52 Week High:  A$ 0.24 (9/16/2009)


    Company Statement

    Cortona Resources Limited is a dynamic Australian gold company who maintain a portfolio of advanced gold projects in Western Australia (WA) and New South Wales (NSW). Cortona’s principal focus is to continually expand its gold resource inventory with the primary objective of becoming a successful and profitable gold producer at a time when demand for the metal is strong and the price is at historic highs.
    The Company’s Directors possess a range of technical and corporate skills including a strong background in gold exploration, and are highly motivated to achieve success.



    Positive / Negative

    Positive: Strong cashposition, Low Capex (30M AUD), low operating costs (475 AUD/oz), and lots of exploration projects.

    Negative: At this point low resource base (but upgrade in Q2), low production output (40-50koz/year).

    Main catalyst for 2010

    - 11,200m drill programme to expand the Dargues Reef resource estimate, starting January 2010
    - Resource Estimate upgrade in Q2 2010
    - Definitive Feasibility Study anticipated in Q3 2010
    - Production targeted for 2011
    - Approvals expected in October


    This article was released in January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

    Disclaimer
    Please read our full disclaimer on the website here.

    Disclosure:
    We hold a Long position in First Uranium Corporation, this means we are biased, so please always do your own research.

Back To Caesars Report's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.