Claude Res Inc CLGRF

RE: RE: RE: Stock Price

[Bottles]

"I guess most people only care about the geology and figure that will save them? "

 

December,

 

Geology thus far has been CRJ's biggest debacle. Put simply, the mineralization that they are chasing is located in narrow veins. Q1 and Q2 saw average values mined of 4.5 gpt or so as opposed to historic values that are closer to 7 gpt or so. In any mining situation, this happens from time to time as you must work your way through lower grades (ie: more waste rock) to get at higher grades. With drilling results as supported by L62, Seabee Deep and Santoy Gap, those low grade values will eventually turn higher. That said, geology as demonstrated these past few quarters can help kill a stock price as well (ie: my comments in a previous post asking what you are talking about). Common sense, however, dictates that these low values will not always be the case as they can just as easily swing the other direction given that mineralization is not evenly dispersed in any setting. Oh, CRJ can spend millions more to drill and drill what they are about to produce so as to arrive at bettered production targets and or average grades. For some like yourself, that kind of information might help you sleep better at night. As for me, there is that thing called the point of diminishing returns where instead of more drilling, you just produce.