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Gold/Mining/Energy : Claude Resources TSE.CRJ Undervalued Junior Gold Anyone?
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To: the Chief who wrote (61)1/4/1999 11:03:00 PM
From: Gord Bolton  Read Replies (1) of 359
 
Hi Chief
Sorry for the spamming.
Message 6500976
Sometimes I just can't help myself.
With regard to the asays and NR-sorry again, I don't get to write those things, nor do I get to decide the timing.
But when I invest a lot in a stock I do my homework and ask a lot of questions.
The Seabee mine in Saskatchewan would support the $1.50 price tag on the stock today. Seabee produced about 60,000 ounces at $180 US per ounce. That will be about $11,000,000.00 profit Canadian for the shareholders. Gas and oil revenues usually pay the rent for CRJ. They are on their way up.
Yes, I think that the McVeigh is the mirror image of the Austin and then some. And the McVeigh is in production already. Claude has got the Austin straightened out now and it is feeding .3 ounce ore to the mill.
There are other zones on the Madsen property which will be further defined in time.
The Madsen mill will crunch 800 tonnes per day of .3 ounce per tonne ore. That will yeild about 80,000 ounces per year.
Claude is drilling off the McVeigh at the moment. Appears to be some 5000' in length.
Claude will drill the Jessop property near Timmons, Ontario this winter. Claude will be drilling the Currie Rose property near the Seabee mine this winter to expand reserves.
They may also be drilling some promising virgin property at Shane Lake in Saskatchewan and they have the Amisk/Laural Lake and Tartan Lake property and mill(existing) to develop when the time is right.
Claude has an interest in a big chunk of Diamoniferous Kimberlite(SFG.A) adjacent to property (KRT.V) being drilled by Monopros this winter East of Prince Albert, Saskatchewan.
Claude has an interest in PWC.T.
They are greatly undervalued at this point in time.
They have suffered from a lack of promotion and may find themselves in a position similiar to the Lundin's with their ARP.
They need to do some promotion and raise the share price without attracting unwanted attention. Some may immediately recognize the value in the Madsen Property before enough drilling has been done to sufficiently excite the general market.
You are buying a blue chip stock at a bargain at $1.50 and it has explosive short term upside potential.
IMHO
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