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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 > How Much Money Does CRJ Really Need?
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Comment by borepson Aug 17, 2012 11:58am
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Post# 20229621

RE: How Much Money Does CRJ Really Need?

RE: How Much Money Does CRJ Really Need?

For years Neil claimed that the cash flow from Seebee will support Madsen - "a fully permitted high grade mine". Now we see that Seebee have hard time to support itself with 4% operating margin and over 20 mln.debt.. Thanks to R.Buchan this company got some exposure but he opt himself out and I do not see anything that could turn it around. Or maybe if the price of gold quadruple....

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