Claude Res Inc CLGRF

RE: 5 YEARS to mine out the high grade gold

[cre8value]

The Santoy Gap (high grade) has 281,000 oz at 8.8 g/t. It will take the completion of the ramp and some infill drilling to get this ready. The company has projected 2Q 2014 to start this through production. With a fast track, they could cut this by several quarters, (this is my opinion). Once this is finished they could run this high grade through the current mill for 5 years.

Let's move to the L62 since it is in production now. It can be used for the immediate period.

The high grade at L62 ( Claude could choose to run 2 years at 55,000 oz at 7.5 g/t)

With the completion of the shaft this is nice grade, close to the shaft and great for maximizing profits.

C.Toronto,

You stated :

My predictions:
 
- L62 grades around 5.7 g/t.

 

From the Denver Presentation 2012 Slide 9

L62  P&P Reserves 70,400 oz at 7.62 g/t

        Inf. Resource   40,300 oz at 7.57 g/t

 

So, would you like to change your predictions or can you clarify what you meant? Thanks.

 

Note: all the oz used in this write up are not p&p but the company is moving them in that direction with a high rate of success.

[Bottles]

"The company has projected 2Q 2014 to start this through production. With a fast track, they could cut this by several quarters, (this is my opinion)."   cre8,   To expand the mill and or to build a new mill in the Santoy area, CRJ will have to utilize the winter ice roads next season to move in the equipment. Hence, there is really no way to fast track mill expansion

[Lookin_2_Score]

cre8value: The concept of a fast track to a turtle (Neil McMillan) has no impact as to how he runs the race. The turtle justs plods along while collecting a $10k check every week. You see, a turtle does not believe you have to win the race to be declared a winner. You simply just need to remain silent and collect your check.