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Claude Res Inc CLGRF

Metals & Mining Gold
"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."


GREY:CLGRF - Post by User

Claude Res Inc > Should I Be Concerned ?
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Comment by pfaffgauon Sep 13, 2014 10:16am
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Post# 22933316

RE:Should I Be Concerned ?

RE:Should I Be Concerned ?The resources being uncovered in Santoy Gap are not small, nor near term only.  The problem was the very low grade in Santoy 8.  I think that ore will be a future source, but will only lower grades to a targeted higher level.  Their mill can also be expanded in the future.  However, profiability of $5 million per quarter is sustainable and their $24 million debt will be illimimated by next year.  IMHO
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