Claude Resources TSE.CRJ Undervalued Junior Gold Anyone? Message Board

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Gold/Mining/Energy : Claude Resources TSE.CRJ Undervalued Junior Gold Anyone?

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To: rayo who wrote (227)	1/11/2000 3:28:00 PM
From: Enigma	Read Replies (2) of 359

This is my understanding of the situation: The company has the funds to develop mill feed, and deeper reserves at Madsen - to dewater, deepen the shaft etc. But the mill may be closed for up to two years, while all of this is going on. So that is why the market is as it is. Of course the Seebee mine continues to flourish, and Madsen is a very valuable property - most likely the future of the company. It is a classic situation where those with funds should accumulate the stock now. A higher POG would most likely accelerate the whole process at Madsen - but this is just my opinion.

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