SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PaperPerson who wrote (4573)3/23/2012 12:00:18 PM
From: PaperPerson  Read Replies (2) of 4690
 
crj is a near producer at madsen.

the company has current production at seabee and is in my view a near-term producer at madsen. it recently acquired st. eugene to get rid of the minority owner at its sask. site called amisk. in my view this has hurt the price near term through dilution but will help the company long term because it cleans up their story to inivestors or acquirers.

so now it owns 100 percent of all three of its projects, which are all 10,000 acres of more and all in safe old canada.

why near term producer. well, amisk is going to take a while. but at madsen, claude is going to surprise everybody when it pulls the switch. it has a permitted mothballed mill that is not going to cost a lot to fire up, plus a tailing pond, plus a shaft that is nearly completely renovated, plus 1.2 mm oz of relatively high grade already identified close to the shaft and existing tunnels. plus they are drilling the hell out of it right now.

at seabee, crj is producing albeit at a fairly modest level. that is where they are spending even more on drillig this spring than at madsen, and they are definitely finding additional gold there that will extend the project's ife far beyond the currently advertised reserve levels woudl indicate.

they are dual listed, so eventually if it does not get acquired this is going to be a stock that woudl be good for writing listed covered calls (and thus generating an income.)

if they are NOT tired of kicking around in the basement on their own, they ought to be.

here is the ten year chart.

theglobeandmail.com

fact sheet:

clauderesources.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News