Claude Res Inc CLGRF

CRJ's 30% of Pine Lake East near 43-101!

[jimrockford]

SEI, IMHO, WILL BE DOING A 43-101 VERY SHORTLY

The above is a huge deal. Here’s why:

- SEI only needs to pay $30k to do a 43-101. That is peanuts!

- In my very educated opinion, a very small gypsy swap will pay for the 43-101.

- The scope of SEI could be very large.

- SEI has 48 drill holes completed at the Pine Lake East Property.

- SEI’s Pine Lake East Property is directly between Claude Resources’ ( CRJ on the TSX-V) Seebee Mine and Claude’s Santoy Gap Deposit (495,000 ounce Au inferred resource) – ie. location, location, location! See this map:

https://www.clauderesources.com/html/operations/exploration/Seabee_Mine/index.cfm

- Pine Lake East has Santoy grades and great numbers. And Claude is now drilling 130,000 m at the Seebee. The two links below show all this

https://www.clauderesources.com/html/news/press-releases/index.cfm?ReportID=203271

https://www.bloomberg.com/apps/news?pid=conewsstory&tkr=4S4:GR&sid=aDGmrctvuT5o

- Over $1 million was spent on SEI’s drill holes – and the SEI’s market cap is now only $1.32 million – with only 26 million shares out.

- SEI owns 70% of the Pine Lake East Property – and CRJ owns 30%.

IMHO, SEI will be worth multiples from here when the 43-101 is done. Again, the 43-101 will be done shortly.

Cheers.

Jim

[Bottles]

 "- SEI only needs to pay $30k to do a 43-101. That is peanuts!"   SEI requires an average of $10K per month just to stay current in its filings. Even with the options granted and exercised in the last pump and dump, they still require additional cash infusions just to file quarterly reports.    What good is a 43-101 when the only company SEI has to impress is CRJ

[jimrockford]

As stated, getting cash isn't a problem for SEI. Re the Pine Lake East, a few points re CRJ and their interest:   - CRJ has 30% of Pine Lake East. That is a significant portion. - SEI trades at a nickel and has a market cap of only $1.32 million. Even at 10 times todays' SP, it is nothing for CRJ to take over the 70% it doesn't own. - Like a lot of gold plays, the lower CRJ

[December3]

Jim,  How many shares of SEI do you hold?  What price did you get them at and what is your target? TIA!  

[jimrockford]

Respectfully, December3, I never tell anyone how many shares I own of a stock. Whether a person is loaded up with 10 shares, 10,000 shares - or 10 million shares of a stock, all of that is relative. Furthermore, someone owning more shares of a stock than another person, has zero to do with whether their opinions are right or wrong. I will say, though, that I have a good amount of SEI