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Gold/Mining/Energy : Claude Resources TSE.CRJ Undervalued Junior Gold Anyone?
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To: Gord Bolton who started this subject4/28/2001 10:38:11 PM
From: JUNIORSPECULATOR  Read Replies (2) of 359
 
Something of Interest from the company:
Taken from the Stockhouse Site:

I am a shareholder of CRJ and I did notice the blocks going through in the last few months..I have accummulated at .52 and .54. With cash in the treasury (8+million) Joint venture with Placer Dome on the Madsen Mine in Red Lake, very close to GoldCorp(Good Stuff).No Debt (Great) Producing at a respectable low cost.(Making Money) Natural Gas Revenue (Looking better even More) No Hedging (Yahooo a company with good sense) etc. Well I wrote the company last week as a concerned shareholder and the reply is below:You make your own assumptions and DD..I personally think the company will do well IMHO.
PS: I really like the concept to increase their oil and gas prospects as noted in the reply from the company below..
Reply from Company

Ron:

Placer drilling at Madsen. Phase I (4 stratigraphic holes) completed but results not in for another 2 weeks. Phase II program has began.

Shareholders will be notified of progress by press release (good or bad). Claude's long-term strategic plan is to expand oil & gas production to 3,000 barrels of oil equivalent per day (currently 750 barrels).

We believe that the price of gold is destined to go much higher, sooner rather than later.

We have no gold production hedged.

All shareholders should be concerned about the Company's future prosperity because of the possibility of lower gold prices, but Claude is low cost, has no long-term debt and has significant oil & gas revenue.

Thanks for your interest.
Neil McMillan
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