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: Enigma who wrote (228)	2/5/2000 11:39:00 PM
From: Gord Bolton	Read Replies (1) of 359

Hey guys, do I need to tell you to snap up these cheapies? I couldn't believe my eyes when someone was dumping like crazy at .60 cents and there was no bid. Funds were buying in this fall at $1.50. I phoned MacMillan to find out what was happening. He said that one of the funds that bought in before Christmas had a new fund manager who did not like gold period-- until sometime Friday afternoon. The fund has been dumping on every bid that appeared since Christmas. There is no problem with the company at all and this should pop nicely now that the bidwacker has become a goldbug. CRJ will report an excellent year in March. With a P/E of about 4, what would you expect. Oil and gas properties are doing fine and there could be some interesting developments there. Drilling program in the Seabee area is underway. There are some interesting things happening up there. #1. CRJ owns 900,000 shares in Shore Gold V.SGF. CRJ has some JV property with Shore and Shore has some interesting property in it's own right. Shore is currently drilling definition holes in the 200 million tonne diamondiferous Star Kimberlite at Fort a La Corne. Small company, small market capital and a huge project. Shore also has some gold, gold/copper and nickel/copper property in northern Saskatchewan. Shore was exploring on the metal properties last summer and the bids were hitting the asks.hmmmm SGF also spiked up nicely on the gold action on Friday. #2. Anybody heard of the Rottenstone Mine? Well you might be hearing lots pretty quick. Claude owns the property surrounding and including the Rottenstone mine site. Uravan Minerals has the option to aquire the property and carry Claude to production. Some of the richest Pt/Pd/Nickel ever mined in Canada came from Rottenstone in the 1960s. Uravan is shooting for a Voisey Bay style deposit with super rich PMs. www3.techstocks.com Madsen is not sitting still. It is moving forward. Dewatering is proceeding well (no pun intended). They are preparing to drill the #8 quartz carbonate zone as soon as they can get at it. They expect to find consistent .5 to 3 ounce per tonne continuous ore. This body has been mined at Madsen before. The #8 zone is the reason that Claude aquired Madsen. It is the same ore body that Goldcorp has been drilling with some spectacular success. The #8 zone is why some people believe that Madsen is the best gold property in North America. Consistent High Grade Results Best Value: 83.5 ounces per ton over 18.2 feet newswire.ca Nuf said. I loaded the boat at 60 cents. And Enigma, I agree entirely with your opinion. Don't forget about Amisk/Laural lake and the Tartan mill!

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