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Gold/Mining/Energy : Claude Resources TSE.CRJ Undervalued Junior Gold Anyone? -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (325)1/10/2003 9:24:39 AM
From: Gord Bolton  Read Replies (1) | Respond to of 359
 
Claude should be able to make U.S.$.20 per share in 2003 from the SeaBee mine with gold at U.S.$350.

60,000 ounces X $350 less US$175 per ounce cash cost=>10 million US$ / 50 million shares= US$.20 per share.

Oil and gas earnings would be additional.

Any ore processed at the Madsen or Tartan Lake mill would be additional.

Some anylists calling for US$400 per ounce gold by the end of the 1st quarter.