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 (307)	4/23/2002 2:01:37 PM
From: Canuck Dave	Read Replies (1) of 359

Juniour mines are where the action is right now. Outfits with proven resources (like CRJ or BAY) are getting huge speculative premiums based on probable higher precious metal prices. The whole sector has been beaten down for years, too. Ask yourself this "If gold goes to 360$ an ounce, which stocks will most benefit most?" The answer is not ABX, they're already hedged (sold forward) to 360$ an ounce. In fact, Barrick is making news statements almost daily to try and depress the spot price of gold. Many of the other senior producers have limited upside based on hedging strategies. If the price of gold really goes, the action will shift to the unproven ore bodies. We're not there yet. Just my opinion. CD

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