Claude Res Inc CLGRF

RE: RE: CRJ Less Than Book

[gog]

For years Seebee ran along, kinda like a hobby mine. They missed the easy credit years ago to ramp up the operation but then they just would have high graded it. The more I looked, took a deep breath it does appear as though some of the moves or lack of make sense. Weve seen this cycle in mining before back in the mid 90's, a great geologist told me "nobody wants these little quartz veins anymore, open pits are the future". Well John was right to a point, gold was $400/ounce and pits did become the flavour of the decade, greenstone belts saw no exploration since other than the Red Lake, Timmins camps. A shame really as there are mines out there to be found. Fast forward to today and lots of companies are in trouble, costs soared and look at the results. BArrick makes no more $$$$ today than they did as a smaller company years ago. If CRJ has the right people, stick to a plan, costs will drop and soon Amisk will look attractive (lowest power is Manitoba), a great "small" open pit with good economics. Rainy River, Hammond Reef will still be deposits when Amisk could be a mine. I finally bought in as $.41 was really attractive and over time I believe higher grade shears will be found and the head grade will climb, I like ounces, don't care about tons milled. Madsen just needs a really fresh look from right field and maybe something does exist?