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Gold/Mining/Energy : Claude Resouces CRJ/TSE
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To: tom smith who wrote (6)3/3/1997 6:16:00 PM
From: Mike M   of 23
 
Hello Tom,

Although I have not yet seen the Year-end Report, based on CRJ's nine month statement, production should be close to 41,000 ozs. One thing to note, is that they claim production is increasing as the grade mined improves and they still have mill capacity. I think CRJ's most recent news release tends to confirm their claim and they have some promising J.V.'s in the works.

They have 17,000,000 shares issued. Best Regards,

Mike
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