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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (360)	7/1/2000 4:44:07 PM
From: Enigma	Respond to of 4051

The insider love the PGD deal and why not? It was altogether so neat and cosy. See my recent post on the Pangea thread. Retail investors are something else - the company did not try hard enough to get Barrick paper at least as an alternative - for tax reasons. But as I say the insiders on both sides of this thing did well - what's a few million here or there? - and Potvin is an analyst's analyst - with an enviable reputation. The brokers love him. I suspect that a good deal of this money may stay in the junior sector - but the PGD holders on the thread aren't necessarily going to respond to your question. PGD has never been a mainstream play like PFG - even IWA - these are the sexy ones - Africa - where is that?

To: russwinter who wrote (360)	7/2/2000 5:48:21 PM
From: Gord Bolton	Respond to of 4051

From the CRJ.TO annual report; The Seabee mine, Claude's flagship asset, is expected to have an excellent year with total production costs under US $240 per ounce. The resulting free cash flow from Seabee is available to advance development on Claude's other assets, most notably the Madsen mine. Claude expects to have completed dewatering and rehabilitation of the Madsen mine by the end of the second quarter of 2000 and will initiate exploration drilling on the historic, high-grade No. 8 Zone in the third quarter. The timing and nature of additional development at the Madsen mine will depend on the success of this exploration program and the future price of gold. The Company also expects to undertake an underground bulk sample at its Amisk/Tartan Lake project, subject to available funding. Oil and gas revenue continues to provide significant cash flow for Claude. The Company expects free cash flow from oil and gas to cover most, if not all, of Claude's general and administrative costs. Claude Resources has an attractive undeveloped asset base which gives the Company confidence that it can continue to build shareholder value for the foreseeable future. clauderesources.com The #8 zone referred to has been drilled through before. There is realistic hope for multi-ounce per tonne intersections. CRJ.TO is currently trading near a multi year low.