GREY:CLGRF - Post by User
Comment by
Bottleson Sep 22, 2014 7:56pm
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Post# 22960379
RE:RE:RE:Gold Bulls Extend 2014 Exit as Slump Erases $6.7 Billion
RE:RE:RE:Gold Bulls Extend 2014 Exit as Slump Erases $6.7 Billion"Interesting post. Why are bullish on Claude now that POG is so negative? T.I.A.for the clarification."
Santoy Gap!
Claude is moving much faster on this resource than I thought they would and this may prove to be the saving grace like higher grades til such time the gold market turns around. Admittedly, however, L62 and Seabee Deep should not be ruled out on high grades. A review of past drills indicate some very impressive grades but with narrow veins, one gets alot of waste rock inbetween. In addition, and more importantly, Claude has made great strides in paying back debt and reducing costs. But lest I digress, there is the Winter re-supply effort that will have to be covered financially. Given that Desiel prices are lower and make up a big chunk of re-supply costs, Claude might catch a small break there. But as we all know, what we need most at this juncture is a higher gold price. Hence, I guess I'm bullish on Claude because I think they will survive. Admittedly, I have had by doubts and make no mistake, they are not out of the words by any stretch. But for the first time in 20 years, they now have real MANAGEMENT.
In closing, it should be noted that Mr. Mike Sylvestre has been replaced as Chairman of the Board at Wellgreen Platinum (v.WG) via a yearly rotation of the same. My take here is that this will free up additional time for Mr. S to focus on Claude and turning that Company around.