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Bullboard - Stock Discussion Forum Claude Res Inc CLGRF

"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 Discussion

Claude Res Inc > 5 YEARS to mine out the high grade gold at Santoy
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Post by cre8value on Mar 05, 2013 8:40am

5 YEARS to mine out the high grade gold at Santoy

Santoy Gap has 281,000 oz of high grade gold at 8.8 g/t.

At a mining rate of 55,000 oz/yr it would take over five years to mine out just the known high grade from Santoy Gap.

So, if ALL exploration stopped (Santoy Gap exploration is open) there would be 5 great years.

This is for Santoy Gap high grade only.

Remember that the L62 ALSO has a high grade that is now accessible with the newly completed shaft.

This company has very good assets.  Don't write it off just yet!

Comment by pdcon1 on Mar 05, 2013 10:51am
dont think anyone is writing off crj they are just playing it down to accumulate a cheap position
Comment by Lookin_2_Score on Mar 05, 2013 11:13am
Too funny. A stock doesn't go down because it's played but, because its sold. This stock is where it's at due to the private placement investors selling their 23 million shares over time and institutional investors selling their shares because it is below their minimum price thereshold. The market doesn't care about the asset value of this company but, what it can produce while ...more  
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