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Claude Res Inc CLGRF

Metals & Mining Gold
"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."


GREY:CLGRF - Post by User

Claude Res Inc
Bullboard Posts
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(17)
•••
Comment by marnesueon May 14, 2012 11:30am
310 Views
Post# 19905902

RE: News Release Earnings

RE: News Release Earnings

This  tells it all;

"Total Canadian dollar cash cost per ounce of gold(1) for the first quarter of 2012 increased 34 percent to CDN $1,236(U.S. $1,234) per ounce from CDN $924(U.S. $937) during the first quarter of 2011."

Mostly due to the pathetic head grade.

The only bright spot I saw was the in tons milled which increased by 31%.  This means that if they ever get some high-grade to the surface, they can make some real money.

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