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

To: jack marshall who wrote (13)	10/5/1998 1:57:00 AM
From: Gord Bolton	Respond to of 359

Looks like the books are in Order. P/E=10 I did some checking and found that most of the big name Golds do not even register a P/E meaning that they are in a loss position or their P/E is over 100 which does not make them much of a buy unless gold climbs a lot more. You have to like a gold mining conpany which shows a P/E=10 during a year that has seen Gold kiss a twenty year low. At an average of $300 U.S. per ounce CRJ would stand to earn $.40 per share from Gold. $1.55/.40 =3.88=P/E. Anything above $300.00 per ounce will be purely extra profit and there is room here for other pleasant surprises. If you can find a better value in Gold. Please tell me about it. Claude also earns profits from interests in oil, natural gas and ngl properties operated by Amaco, Talisman and Maxx Petroleum. This would include about 200 oil wells and 56 gas wells and an associated Natural Gas Plant. I do not have current numbers or projections on the oil side but I think that it would be fair to say that this appears to be on the upswing as well. Oil and Natural Gas will probably account for %10 of profits in the coming year. However I do not have a crystal ball for that one.

To: jack marshall who wrote (13)	10/6/1998 2:11:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 359

Claude Resources is a fascinating company to look into. In a previous post I suggested that at U.S. $300 per ounce for Gold, Claude shareholders could expect a $.40 per share earnings. That would be U.S. $.40 per share. However there are slightly more shares out than I thought. About 30,000,000. So 120,000 ounces X (US $300 - US $220) /30,000,000 = U.S. $.32 per share from Gold. Closed today at $1.60 with Gold declining. Claude also receives revenue from Oil and NGL wells and an NGL plant operated by others. And Claude has interests in other areas. Claude holds 900,000 shares in Shore Gold (SGF.A) shoregold.com Shore Gold owns one of the larges Kimberlites in the world and it has been drilled and it is diamondiferous with macros! Hello Shore is exploring options for financing a bulk sample to prove up a mine. And Claude has 300,000 shares in Pacific Western Credit (PWC.T) Message 5066184 You may find out more info on the Claude story at natinvstor.com The update that you might have to pay for is even better. The Madsen mine and property, recently aquired by Claude was shut down in 1976. POG hit U.S. $104 per ounce. Management at the time made some poor investments in other areas that didn't pan out. They had to shut down the mine. Madsen had produced nearly 3 million ounces up to 1976. Ongoing evaluation and exploration seem to indicate that Madsen was only working on one side of a fold and that there is lots left on the side that they were working on. There are indications that there are huge quantities of good grades that were encountered but not mined because there were easier areas to go after at the time. Only a small part of the property has been drilled to date. This property may produce many pleasant surprises for the shareholders. Claude Mangement have a $10.00 target for the stock by K2000. My own DD suggests that this is one super buy for short or long term at $1.60 per share today. But not for long. Going, going...