RE: RE: Selling for less than 1X 2013 revenue Bottles... I guess you have decided to join the mindless pumper's group?
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Two ways to measure growth? BALONEY!
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There is only one way to measure GROWTH if one is looking to make money and that is OUNCES PRODUCED!
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Who cares if CRJ or any other company runs increasing amounts of ore through their mill if the ounces don't go up? You can't sell "tonnes milled"!
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Or is it that you don't care about CASH FLOW or profits?
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WOW!
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Everything you say about Seabee being a remote location and trucking supplies and bloated work force that use to be under paid [now got a BIG raise] is true. But what you fail to realize is that the additional "costs" to produce 100,000 opy are small and therefore the fixed costs get spread over a larger production base lowering cash costs and increasing profits! But NO! CRJ has no plans to grow to that level, a level that is long-term sustainability for the project and gets away from the "staying alive" mentality.
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But your vision of "good management" is contradicted by your following statement ; CRJ took on too much in 2012. So which is it? CJR has good management or not? What CRJ should have done is STOP all work on Madsen and Amisk and focused on plans to get Seabee up to 100,000 opy! But you and I both know that if Madsen gets put on the back burner, then that "potential" disappears and a lot of the "enthusiasm" and "hope" for CRJ disappears!
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Look, there are two reasons to buy PM companies:
1) You think they are a good proxy to POG and will out perform POG. If you don't then you buy GLD etf. This year GDX and GDXJ have severely under-performed POG.
2. You see GROWTH as the a way for the company to be "rerated" by Pro Money. Problem here is that the growth laid out by CRJ is miniscule as compared to the growth of other companies. Why buy a horse that will come in 4th or 5th place? Why not buy the winners?
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But hey - keep holding on to your CRJ shares and someday they may get you back to "even"? Too bad in the mean time one has lost great opportunities.