Severstal OAO, the Russian steel and mining company, will make a bid for the shares in Crew Gold Corp that it does not already own, valuing the company at about US$400 million.
This is yet another example of a Gold Stock, CRU CN which is in a similar position to Pre Production companies. This stock was just .10 cents in January now at .30 cents ! A total return of 200% in 30 days.
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