RE: Fast Track - To Bankruptcy - High Grading >>>You are looking at 281,000 oz in the high grade. Let's just focus on that.<<<
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Problems with that is that is costs money to extend that exploration drift into the Santoy Gap resource. Cash is one thing CRJ doesn't have a lot of and isn't on a path to generate a pile. {slow growth plan}. Then once they get to the Santoy Gap area, they still have a year's worth of drilling in order to upgrade those "inferred" resources to either M&I so they can eventually get into the Mine Plan. {Think MORE CapEx needed!} What does CRJ say about the timing of new production from Santoy Gap? 2015? 2016?
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But what about all of those ounces in "reserves" (orange) in the Santoy 8 mine area? Sure hope one isn't advocating by-passing those ounces and heading for the Santoy Gap ounces, just because SG grades are higher? That is called "high grading" the mine! Oh yeah, I see that IS what you think is a "great" idea! high grading the mine! Genius! Pure Genius! Maybe one can get a job at CRJ? I know "high grading" is Neil's backup plan, but it is a ST strategy that kills the mine in the LT.
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>>>Madsen 1.2 million oz at 9 g/t for free plus 10,000 acres in RED LAKE.<<<
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Madsen isn't "free" - the grades are OK, but the ground conditions are so poor there that building a decent mine is likely a marginal proposition. Having "next door" ground means little if there is no gold and so far doesn't look like much potential elsewhere. I will give CRJ geologists a nod as they seem to have been decent finders over the years. SO I think it is important to note they haven't been drilling elsewhere.
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>>>>Amisk 1.56 million oz for free<<<
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Gotta ask yourself, why is it that the BIG funds and banks, etc aren't buying such a "value?" After all these guys have rooms full of PhD scientists, accountants, financiers etc. at their disposal to ferret out value. How come these guys can't "see" the value that you posted?
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What is telling about Amisk is the fact that the PEA has never been published. Look, CRJ promised that PEA for 3Q2012 and is now at least 2 quarters behind. Could it be that the numbers look bad or only marginal and thus CRJ doesn't want to release the results and crater the share price even further?
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Look at what happened to Richmont when they released a marginal PEA last year! It crated their share price. What do you suppose is the cost to build a mine at Amisk? {Hint- Neil has stated the cost per ounce in several CCs last year!} But if the ground at Amisk is so good, why did they add more ground immediately to the west? Sure looks like a typical junior explorer move.... project that you have be touting to the public as being so great that all of a sudden you start up exploring somewhere else? Hmmm....
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Good luck investing on the theory you know more than the street and they can't see what you do... these guys always know more. Always. Their absence from owning CRJ shares is telling. Thinking otherwise is the real amazing part!