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 (241)	6/18/2000 12:28:00 PM
From: Gord Bolton	Read Replies (1) of 359

It might be time to buy up some of the loose shares that are available. I understand that CRJ has filed a claim for recovery of some $20,000,000.00 owed to them as a result of errors in calculating royalties from the oil and gas side. The development of the Madsen mine is currently being funded out of earnings from the Seabee. As the POG escalates the development schedual may be stepped up. I understand that there are a growing number of parties showing a keen interest in the Madsen project. Many things are possible in the future. The trading pattern and current share price is much more a reflection of fund managers adjusting their portfolios in accordance with other objectives than a reflection of current and future value. That can all change very quickly if there is a shift in the supply demand ratio--in other words we currently have a buying opportunity of limited duration.

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