Claude Resources is a junior intermediate gold, oil and NGL producer and mineral exploration company.
The SeaBee Mine in Saskatchewan has been producing and expanding resources for about 10 years. Cash costs are around US$200.00 per ounce. SeaBee produced about 60,000 ounces per annum. Recent exploration success may lead to increased production from SeaBee.
Claude is also developing the Madsen Mine in Red Lake Ontario. The company plans to drill off reserves in the deep snowbank high grade resources known to exist at the Madsen Mine in 2000. This ore body has been previously intersected by drilling. The shaft is being rehabilitated as the mine is dewatered. There is a mill on the property and the capacity of the mill will be increased as reserves are drilled off and ready for production.
The Amisk/Laural Lake property is ready for bulk test mining and could be put into production quickly should POG improve. Claude has a modern mill close by aquired from Vista Gold several years ago.
Claude Resources holds about 900,000 shares in Shore Gold V.SGF. Shore Gold is currently drilling off and sampling the Star Kimberlite at Fort a la Corne.
shoregold.com
Claude has interests in and revenue from Oil and Natural Gas properties in Alberta and Saskatchewan and a natural gas plant in Alberta.
Claude has a royalty interest in the Rottenstone PGM property which is currently being drilled and sampled by V.UVN Uravan Minerals.
uravanminerals.com
Claude has a portfolio including an additional 30 properties in Canada which have potential to host economic resources.
CRJ share performance in comparison to XAU basket of gold stocks.
tscn.com
clauderesources.com
Message revised May 22, 2000.
Currently trading at .75 CDN.
P/E 10.71 |
