GREY:CLGRF - Post by User
Post by
BCBeaveron Aug 31, 2009 12:16am
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Post# 16263103
Neil said 3 yrs is more reasonable.for Madsen Prod
Neil said 3 yrs is more reasonable.for Madsen Prod 3 years to Production is more likely... 5 years? Where do you get that time frame from?
Please quote your source. Ahem... SeaBee is ramping up with significant finds that will be in Production by year end there are other easily millable finds in further Saskatchewan properties as well plus don't forget O&G Revenues.
This all brings $$$ to the bottom line as they concurrently develop Madsen.
This Company has a PLAN.
Claude Resources will not "miss out" as some have implied.
For further information, check the website and corporate presentation.
Here is a post from the Yahoo CGR board, quoting CEO Neil MacMillan regarding his time frame for Madsen [don't forget all the foregoing money-making activities].
"Neil from 5/28/09 Andrew Racz interview:Q: What you are saying is that Madsen could generate 50,000 ounces of gold production three years from now.
A: It would be at least double that.
Q: That means 100,000.
A: Personally I wouldn't be in favor of putting in a production at only 50,000 ounces. We're not very far away in terms of drilling success from being able to produce 100,000 ounces a year.
Q: Can it happen in two years' time?
A: I would say three years is more reasonable."