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

To: Scripts who wrote (43)	12/31/1998 1:20:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 359

Seabee mine is less than $200.00 per ounce. The cost at the Madsen property will largely depend on the grade of the intercepts and structure of the deposit in the most recent drilling program. News should be out soon on that. Without reading back or going to the web site it seems to me that they were anticipating costs of about $220.00 per ounce at Madsen in the existing mine structure, but I beleive that they have encountered a whole new zone running parallel to what has been mined in the past. Hopefully they will have plenty of .3 ounce per tonne or better ore to feed to the mill.