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Gold/Mining/Energy : Claude Resouces CRJ/TSE

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To: Ron Baxter who wrote (9)3/19/1997 3:05:00 PM
From: Mike M   of 23
 
Hi Ron,

I am always annoyed when CRJ drops in share price, but never worried. They have the goods; production, reserves, cash in the bank and an excellent balance sheet.

As I had mentioned in my post #4, I spoke to Neil McMillan, Claude's President, and he informed me that current production costs per oz. were US $280. This number should, however, decline due to the fact that they are now producing higher grade ore, as well as, increasing tonnage. Claude also has good exposure to the oil and gas market.

Best Regards,

Mike
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