Monday, March 29, 2010

Crocodile Gold (TSE:CRK) Wants to Conquer Australia

Crocodile Gold's Australia Strategy

Crocodile Gold (TSE:CRK) has its eyes on Australia, and they're going after the huge market with the goal of being one of the largest gold miner in Australia before they're through.

It seems a lot of investors support their goal, as North American and European investors have thrown a lot of cash their way to help them reach their objectives.

For 2010 Crocodile estimates they'll produce 120,000 ounces of gold at a cost of $650 an ounce. They have also committed $23 million to expand its exploration efforts.

Capital expenditure for 2010 is projected to be about $56 million.

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