RE: RE:RE: 5 YEARS to mine out the high grade gold Claude doesn't have 8.8 g/t average grade ore. If you are optimisic, plug in 6.x g/t into your formula but, not this year.
My numbers for this year have 5.x g/t grade, $1000+ cost per oz and 40 something thousand oz total production.
Their other costs will be lower this year except for interest expense. Q1 production number will be bad and they will still be making payments to the debenture holders until May, although I speculate they have bought back some of them.
When there are so many large stable undervalued gold companies out there right now, why waste time with juniors! paas, gg, kgc, iag, auy are all good examples and they also pay you a regular dividend. These are the companies to buy early. In the second stage you move on to names such as rby, hl, pvg, .. and finally you switch to micro caps such as claude to maximize percentage returns when the large caps have had most of their rally.
C.