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Central Rand hopes to be back on track

By Robert Tyerman | Friday 18 July 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Water, though vital for life, can present formidable problems in mining, as Central Rand Gold (CNRD) has recently found to its cost. However, chief executive Johan du Toit sounds confident the company is surmounting the threat posed by surging underground water levels to mining a gold resource of potentially more than 30 million oz. in South Africa’s Central Rand goldfields.


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