RE: RE: RE: RE: Possible Reason for share price? I think any reference to the SP for Claude in 2003 in comparison to 2011 is like apples to oranges. Just because you say gold price 3X which actually has 4X doesn't mean the other factors remained constant.
For example, Cash Costs have less than tripled from $328/oz to $900/oz
Completely different share structure: 2003 58M shares vs 2011 185M 3X
Completely different cash balances: 2003 $3M vs 2011 $11M almost 4X
Asset value has 5X from $60M to $300M
Reserves and resource estimates have exploded since 2003 over double the reserves at the Seabee project with Santoy 8 in production. +1M oz resource estimates on both Madsen and Amisk.
A mill upgrade to 1250 tpd.
2011 profits of .06 in the first 9 months.
IMO, this company is screaming buy and I am doing so.