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: Jimsy who wrote (239)	4/6/2000 3:35:00 PM
From: Gord Bolton	Read Replies (1) of 359

Jimsy, I feel like the guy who packed in the Tiger Hedge funds. I don't know how to value things in todays market. FWIW here is a recent MRDI prefeasibility calculation on a rich little gold mine. The additional adits are essential in the evaluation of this high-grade vein structure as drilling alone will not define the grade sufficiently accurately. The project has currently defined 425,000 ounces in the "indicated" and "inferred" categories in a limited part of a geological resource of 1.8 million ounces, which has a significant potential for further expansion. A March 1999 pre-feasibility study by MRDI (H.A. Simons) estimated for a production rate of 500 tonnes per day and a gold price of US$300/ounce, the following: NPV (10%) US$39.8 million IRR 51% Capital cost US$19.8 million Payback 1.8 years Life of mine 7.2 years Cash cost US$160/ounce Production 148,000 ounces/year Hope this helps.

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