RE: RE: Stock Price "I guess most people only care about the geology and figure that will save them? Well in 17 years the Geology hasn't saved CRJ! When investors wake up and demand some World Class Managers to go along with the World Class Assets THEN you will be positioned to make some REALLY BIG Money."
What are you talking about?
For the bulk of those 17 years, no one really knew the geology of Seabee. It wasn't until a few years or so ago that CGR/CRJ had enough in resources to start exploring Seabee in earnest. Today, I think it pretty clear that Seabee has another 1 million ounces to go.
Over the next few weeks, the shaft should be tied in and the upgrade work completed. How soon CRJ gets into the L62 grades is anyone's guess on this board but that should be "soon". What timing!
CRJ's management and especially Neil have been blasted on these boards for being inept. I myself have given in to such characterizations and not too long ago, disagreed with management on undertaking both the upgrades and exploration expenditures AT THE SAME TIME. With Q3 announced and a lead foot on the pedal, management of CRJ could not have timed increasing production at Seabee any better than they just did. With many holding a concensus of $2000 gold, that is more to the bottom line and in an environment where CRJ is actually now in a position to reduce costs. Admittedly, Q3 numbers will not be anything stellar and there remains the distinct possibility of floating more shares by year end to resupply Seabee, but we also have Madsen drill results, additional Seabee drill results and studies on Amisk pending.
Producers are going to ride at the top of the wave in this next round of bullishness in gold and that little train called Seabee will soon be heading down the hill picking up speed as opposed to up the hill just chugging along.