Crocodile Gold fka CRK

[diggg]

CRK/CROCF recommended again..

thanks kewl2

Stan Bharti: Hard Assets Heyday
Source: Karen Roche of The Gold Report 08/11/2010

Is there magic in all those hats that Forbes & Manhattan Founder and CEO Stan Bharti wears? The financier who has seeded, nurtured, supported and guided dozens of junior resource companies to the pinnacle discusses his formula—and a few of his favorites—in this exclusive interview with The Gold Report. With hard assets in favor these days, Stan believes the best you can buy are commodities—they're "real, fundamental. . .something you can touch and feel."

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http://www.theaureport.com/pub/na/7050

TGR: Excellent. Are there other gems in this portfolio that have real compelling stories?

SB: They all do. We go through some struggles, ups and downs. But they generally all have a good asset base, good leverage. One that I really like a lot in gold right now is Crocodile Gold Corp. (TSX:CRK; OTCQX:CROCF). It's a big Australian company. We acquired it two years ago for very little in the height of the financial crisis. Huge land position, 2,500 square kilometers, over 5 million ounces. The previous owners had spent hundreds of millions of dollars on these assets, which we acquired for less than $50 million.

With a little bit of capital we were able to start the mine. This is the first year we're putting it into production. We had some growing pains in the first two quarters, but the mine is performing well now. Crocodile Gold is doing almost 100,000 ounces this year and expects to go to almost 200,000 next year. Once we get to 250,000–300,000 ounces—which this asset has the ability to do over the next three to five years—Crocodile Gold will be a perfect takeover candidate by a major. So there's a great story.
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Stan Bharti, business consultant, professional mining engineer and international financier, has amassed more than 30 years' experience in business, management, operations, public markets, finance, mergers and acquisitions—the whole nine yards. He also has amassed more than $3 billion in investment capital to help propel junior resource companies to wealth-creating heights for their stockholders. He has been instrumental in acquiring, restructuring and financing scores of promising startups as well as struggling producers, from Europe to the Americas to Australia. As Financial Commentator and Market Analyst Peter Grandich puts it, "In a business where failure is the norm, people like Stan Bharti. . .have separated themselves from the also-rans." Serving on the boards of numerous companies, both public and private and often as chairman, Stan devotes the lion's share of his time to the premier merchant bank he founded, Forbes & Manhattan, Inc., where he is president and CEO.