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."

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Claude Res Inc > They Are Pretty Much Out of Money

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Comment by clestoron Nov 30, 2012 9:46am

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Post# 20665370

RE: RE: They Are Pretty Much Out of Money

Bottles,

All good points. It is possible CRJ has a blowout 4th qtr . . . but even my math has to be very optimistic for CRJ to avoid a financing.

So, if a financing seems likely, then the question is how much of that is already priced into the stock price.

In regards to 4th qtr, the mill can handle much more than what the mine can produce, but maybe they cut back on development work and targeted higher grade stopes . . . maybe ran the mill at 900 or 1,000 tons per day? But, such a qtr would be followed by a couple of really bad qtrs . . .

Make sense?

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