Claude Res Inc CLGRF

Progress

[pfaffgau]

Cost of production dropped to $855 U.S. per ounce   If they start to produce from the high grade of L62, I expect we will see plenty of cash flow.   The low grade from Sanyoy 8 is a near term drag.........but Santoy Gap has lots of high grade.   I hope they bring those high grade areas into their overall projections soon.

[oddykog]

Yes, there was progress.  However the really critical sentence was buried deep in the full report.  They acknowledge that the cash flow from now to January 2014 will NOT be enough to generate the cash required for resupply of the mine when the ice road is open.  They say that they will need to make a move to provide the cash.  Whether that is a royalty agreement, a sale of a

[7tapas]

Strange that their press release say they are guiding between 50-54 but during the conference call, the boss says they won't get anywhere near 54 but they might, just might, pull a wild card from the deck. Hello. HELLO. Anybody home? After maket close was this: https://www.prnewswire.com/news-releases/claude-resources-inc-announces-second-quarter-results-218574561.htmlOutlook For 2013