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

To: Gord Bolton who wrote (85)	1/7/1999 4:32:00 PM
From: Enigma	Read Replies (1) \| Respond to of 359

Gord - she is certainly trading at a price which relates to present cash flow and earnings - so downside on this score alone is very little. There is a lot of data to digest from the latest drilling, but IMO the important thing to consider is the likelyhood that the McVeigh zone mirrors the Austin. In talking to the company today they pointed out that the Austin is open at depth and there are holes of very high grade from previous drilling (even .8 I believe ) recorded right down to the 7/8000' levels. When they were mining the Austin in the Madsen Mine they were down at the 4000' level approximately. They have dewatered the mine down to about 1100 feet I think. I didn't take notes - this is from memory - but others on this thread can fill in more exact info. These results are very exciting,, and are just the start. Quite a lot of stock came out today - on a gap up - but this is when larger players have a chance to participate. If you look at the G.A chart you will see a similar gap up a few months ago - presumably when their first spectacular results were announced - and the stock hasn't looked back. Added a few more CRJ today. Hope we have a good ride now, E