RE: RE: RE: Selling for less than 1X 2013 revenue "Bottles... I guess you have decided to join the mindless pumper's group?"
What you say? I like what CRJ is doing in regards to Seabee. IMO, that little mine is on the brink of earning more money than it has ever earned since its upstart. Where I'm disappointed is in regards to Madsen. IMO, the drill results there have been terrible. Yeah, it has a million or so ounces but it is looking more and more like its a played out mine. Yeah, mineralization is open in all directions but where are the grades and length of mineralization? IMO, it will be a high cost mine that requires significant capital investment that will host a mine life of 10 years or so. It is, however, marketable. That is, my disappointment is rooted in the fact that we are not looking at another GG Red Lake property. Rubicon, however, can use the infrastructure in place as they upsatrt production at their mine. The internal scoping study being undertaken by CRJ is basicly a study that will help determine its value to a potential suiter. Hence, I think Madsen will finance Amisk. Amisk has excellent infrastructure, equipment is plentiful in the area and will be an open pit operation. Capital costs there will be MUCH LESS than capital costs at Madsen. Problem is that there is no PEA to date to confirm or refute what I'm thinking (or opinion as to the same).
To close, I do not currently own shares n CRJ but I am sitting on the sidelines with a bunch of cash to do just that. CRJ aside, I think we are in for a major sell off in the markets. CRJ included, why would I want to pump the sucker higher in stock price when I'm looking to buy? That makes no sense but it does reflect the fact that you will ALWAYS get an honest opinion out of my posts.