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Wonderful earnings again. Good RallyToday.
If SSRI has good earnings next week, "to the moon alice"
Alls well. What about U?
MRDALE, It's been awhile, glad to hear from you again, how are things?
Quarter looks great! All in cost below $1k... They will be making big money!
Claude Generates Adjusted Net Earnings of $9.1
Million in Q1
http://www.clauderesources.com/files/doc_news/Claude-Generates-Adjusted-Net-Earnings-of-91-Million-in-Q1.pdf
Hopefully, the Q1 earnings announcement tomorrow morning will be so positive the paper dumpers will at least have to break a sweat.
Where does it go from here?
I don't know why it's so hard to remember the elites know what's coming long before us plebs. Apparently, the word went out from the PTB to dump paper gold with a vengeance. It's amazing how many times it has worked. Fundamentals are totally meaningless on such days.
I have no clue. Didn't look like much volume, but I was looking at pink listing. How was Canadian volume?
T
Anyone have any idea what that opening slam down was about? Kudos to my brokerage (TD Ameritrade) for scooping up shares at the low even though I had my buy price point set 10 cents higher.
Edelson helped me stay in, his call of gold bottom at end of Nov was amazing, just a few days off and he predicted it more than a month before.
Thanks will check up on his article.
T, More news: VANCOUVER , May 3, 2016 /PRNewswire/ - Nevsun Resources Ltd.(NSU) ("Nevsun") is pleased to announce that in connection with the proposed combination agreement between Nevsun and Reservoir Minerals Inc. ("Reservoir"), as announced on April 24, 2016, Reservoir has closed the right of first offer ("ROFO") with Freeport International Holding (BVI) Inc. ("Freeport") on the Timok Copper-Gold Project. Closing the ROFO consolidates 100% ownership of the Upper Zone with Reservoir. Reservoir became the operator on the Timok Project concurrent with the exercise of the ROFO. Closing the US$135 million ROFO is the first step in the previously announced combination of Nevsun and Reservoir.
Nevsun has entered into a secured loan arrangement with Reservoir to provide a further US$850,000 to Reservoir to fund the May 2016 operating expenses at the Timok Project. The indebtedness will be secured by a cash collateral agreement on customary lending terms. Nevsun will provide further updates on the 2016 work program at the Timok Copper Project after the key transaction meetings of operatorship with Freeport are completed later this month.
Just sosya know -
Smart Scan Chart Analysis shows the current downward trend for CMGO is at a crossroads and has possibly ended. Look for choppy trading action in the near term
Very Weak Down trend with very tight stops.
Looks like we are back to the daily criminal fraudulent smack down. Oh, and isn't it special that they use the "sell in May" meme to add cover to their criminal thievery. Death to the money changers.
A guy that a few of us have been following, Larry Edelson, says a weekly close above 1306 or 1307 was significant. He has been saying we would dip down to low 1200's, maybe even 1150. But, we may skip that with a close above 1307. I am hoping we see it and forget the dip.
T
Gold futures at 1300! If we break it this can run!
Geo, from Luke Burgess at Energy and Capital:
On Friday, I mentioned a mid-tier copper producer that I keep on my radar: Nevsun Resources (NYSE: NSU).
gold 1300 may 2016 2
Nevsun is the 60% owner of the Bisha copper/zinc mine, located in Eritrea. (I had no clue where that was either until first finding Nevsun... it's in East Africa.)
The Bisha mine is a low-cost, high-grade operation that produced 136 million pounds of copper last year for Nevsun.
This year, the company forecasts a small dip in copper production to about 110 million pounds. However, an expansion project at the Bisha mine is expected to add 70 to 100 million pounds of brand new zinc production — which will more than make up for the drop in copper production in terms of revenue.
The company has no debt and plenty of cash in the bank. Shares of NSU are still trading under $4.00. And I like this company as a mid- to long-term play.
1.05 TGZ(TGCDF), new high by a lot.
4% higher than high yesterday, its on a tear after Q report.
Teranga reminds me so much of Claude. Its acting like Claude did at $1.
Valuation Measures
Market Cap (intraday)5: 403.80M
Enterprise Value (May 2, 2016)3: 336.13M
Trailing P/E (ttm, intraday): 7.52
Forward P/E (fye Dec 31, 2016)1: 9.36
PEG Ratio (5 yr expected)1: 1.59
Price/Sales (ttm): 1.45
Price/Book (mrq): 0.67
Enterprise Value/Revenue (ttm)3: 1.38
Enterprise Value/EBITDA (ttm)6: 3.46
Tim and I have communicated some. He likes buying real cheap then sell cheap, so he has missed most of the ride. That is his style.
I'm pretty good at letting things ride, but selling small portions on the way up. I am now over 50% out of CLGRF, but very happy with results. And have many times bigger $value today of CLGRF than had with 400,000 at .16. I likely am with trading some in and out, about a 15 bagger on current Claude, and 8-10 bagger on original position including parts sold lower.
Blessed that what bot with proceeds has done well, TGCDF, NSU, TUWOY, NMKTF.
My suggestion is not all or none, it is proportional selling on way up. If it falls back you have a profit and can buy more, if it keeps running you are still in the game, if fact that is the best outcome.
No way.... I am not one to predict gold futures! Lol. Usually the price targets are too high or too low. Bulls vs Bears, I tend to gravitate to the middle. Looks like gold was oversold and now it's going in the right direction. I will just keep an I on it and be disciplined when I feel it's overbought? Don't think it's there yet!
Almost all of mine are under .20
cscokid what is your expectation for the price of gold in the next 3 years? $3,000 gold will have a huge affect on the price of these stocks. Right now the PE is 21.5 there are other gold and silver stocks with much higher PE's based upon expectations for their earnings to jump as cost of production holds while price per oz rises. Clgrf has .08 earning taho has .24 but sells at 58 pe If earnings just sated the same but the pe when to 59 it would be $4.75. It will all depend upon the increase in the price of gold and silver. Especially silver if we go with ssri. Silver is 72 to 1 a year ago it was 45 to 1 and at the peak in 80 it was only 15 to 1 at 3,000 gold and silver 45 to that puts silver at 66 now that becomes one great increase in earnings say it could be $5 per share at 21 pe is $105 per share jmo
Thanks by the way what price did you get into on clgrf?
Tim Staboz had about 10 million shares a short time ago, now I guess he is down to about 350K, I'm a little shy of that, living the dream I'll tell ya! I will re-evaluate after the deal as well, it sure will be a lot easier to jump in and out with SSRI on the NASDAQ.
Fun times, indeed. Hang on for the ride.
T
Funny, just was talking to a guy that was saying the 10k gold and I said exactly what you said... I will 2k!! Lol. The other wild card is SSRI has silver!! This could be a huge advantage in the long run! Have fun... Crazy seeing my shares bought at .14 and now getting single days going up .08!! Fun times!!
Yeah, the gold price is a big key to this. But, even if it backs off to below 1200 I think eventually it will break out. One guy a few of us follow is Larry Edelson. He is saying unless we have a weekly close above 1307 that we still have a correction down to as low as 1050. However, it breaks out much higher after that. So, next week could be interesting. Most my gold stocks have moved up 50+% since I bought them, although Claude is much much better. I plan on holding all. If we do correct lower I am adding to all, except Meaof. I watched a video talking about the US needing gold at $10-12000 an ounce to cover up our debt. May not get there but even $2000 will put tons of cash in gold stock coffers. The message boards over here have good info on stocks I mentioned. Take care.
T
Ace, yes I did talk with him. He still has a very large position but not near what he had at the beginning. 5million+ shares!! His last response to me was... If you believe gold will go up hold otherwise sell... Lol. Not much help from here on out! I'm still holding all mine. I will set some disciplined sells when warranted. Nice hearing from you ace!!!
Cisco, Ace from IHub here. Didn't you know a big buyer in Claude? How does he feel? I am holding till deal goes thru and will check things then. I am in small positions in TGCDF, CALVF, Mandalay and way too much in MEAOF. But, any or all of these could go up 100's of percent from here if the rally in gold goes where many believe it will. Cut the weeds and let the trees grow.
T
From your lips to gods ears!! Lol.
Cisco this might help, You have to look at SSO price history, they peaked at $40 in 2007 and $30 in 2011. You also have to read a lot of opinion in the blogs and weed out the ones you think know what they are talking about and come up with a consensus of opinion to put yourself more at ease. Read and follow the news releases, stats and articles to see just how undervalued they are, in this case Claude (very undervalued) was acquired by SSO (also very undervalued), an undervalued miner has much less risk of a major pull back, talk about the perfect storm! I have found Stockhouse-SSO, ihub-SSRI and Yahoo Finance-SSRI blogs to be very informative and supportive to remaining long. My opinion is SSO could comfortably hit $20 which would equate to SSRI @ $16 so, I am not selling anytime soon. Google has good charts and news updates.
https://www.google.com/finance?q=TSE%3ASSO&ei=0aEkV9mnBcnDe563uPgF
I am up a bunch but when do you sell? I once had a stock and bought a $1 and sold it all at about $5 and was happy.... But watched it go up and eventually get bought out for $21!!!! I wanted to puke! Feeling the same here!' I know I should sell some but damn I would be sick if to keeps rising!!
official, CNBC said gold rally is fastest 3 month rally ever.
Not sure if they meant stocks or gold, might be stocks.
163% = 2.63 bagger
I never could figure out how to figure those bags I have it up 163% and 188 % in 2 accounts so how many bags are those? tia
1.72, 15 bagger, great expectations for Claude have been met, and gold in monster rally. Have a great weekend.
Cheers
14 bagger for somebody, not us on average... I'm working on a 5 bagger, 1st ever! Should have it by deal closing. Geo, if PM's stay up, do you think there could be a surge or pull back upon closing of the deal.
CD
Claude 1.66, 14 bagger now, WOW
Have done some profit taking here, buying TUWOY, NSU and TGZ.to with proceeds. 2016 so far an amazing blessing.
NSU all the way back to deal announcement price which was 1 year high. That Timok mine they bot is outta site rich
There is a Monday CC on the deal on Nevsun website
http://bit.ly/1rAbi0k
Over 10% copper and 10 grams gold, amazing
That is so rich you could throw away the copper or the gold and it would still be rich.
04/19/2016
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 19, 2016) - Reservoir Minerals Inc. ("Reservoir" or the "Company")(TSX VENTURE:RMC) (OTC PINK:RVRLF) (BERLIN:9RE) is pleased to announce the results of the Preliminary Economic Assessment ("PEA") undertaken by independent consultants on its 45% owned Timok JV Project and Cukaru Peki deposit in Serbia.
The PEA base case considers the potential economic merit of a Phase 1 starter mine, with access via a twin decline to the higher grade direct shipping ore material ("DSO") which requires crushing and grinding only before shipping. This would be followed by subsequent mining of the main Upper Zone mineralisation down to the 800m level, ("Phase 2 Main Mine"). The results of the PEA demonstrate the robust nature of the project at current and long term prices, with the base case project having a post-tax net present value ("NPV") at an 8% discount rate of US$1.55 billion (US$946 million at current metal prices of US$1,250 Au/oz and US$2.20/lb Cu) and post-tax internal rate of return ("IRR") of 106% (84% at current metal prices), on a 100% project basis.
The PEA was commissioned independently by Reservoir and has not been reviewed or approved by Freeport-McMoRan Exploration Corporation, the current Operator of the Timok project. The PEA is preliminary in nature and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the PEA will be realized.
The base case project (2.5% COG Case) comprises of the initial DSO mining phase starting in 2019 and the Phase 2 Main Mine starting in 2022 ramping up eventually to a 2 Mtpa maximum production rate, processing mineralisation with a diluted copper grade in excess of 2.5% Cu, with production ceasing in 2030.
An extended mining phase has also been considered comprising of the DSO mining phase and the Phase 2 Main Mine with a 2 Mtpa production rate, processing additional 13.8 Mt of mineralisation, primarily from the deeper portions of the deposit, with a diluted copper grade in excess of 1.0% Cu (the "1.0% COG Case"). Production in this case is extended to 2037. The project, based on the 1.0% COG Case has a post-tax NPV8 of US$1.63 billion (US$986 million at current metal prices) and post-tax IRR of 106% (84% at current metal prices), on a 100% project basis.
Highlights of the PEA:
High quality resource: The deposit comprises a copper-gold epithermal mineralised body, preserved under ~400m of sedimentary and volcanic cover rocks. There is a zone of very high grade massive sulphide (HGMS) within a shell of lower grade, semi massive sulphide (SMS) mineralisation. The combined HGMS and SMS comprises and indicated resource of 1.7Mt @ 13.5% Cu and 10.4g/t Au and inferred resource of 35.0Mt @ 2.9% Cu and 1.7g/t, would support an initial mine life of 12 years at an initial projected extraction rate of 0.6 Mtpa during the DSO operation, ramping up to 2 Mtpa at the Phase 2 Main Mine.
Demonstrable economic upside: The base case main mine production may be extended by a further 7 years by mining additional 13.8 Mt of material (average grade of 3.7% Cu and 2.3 g/t Au) providing economic upside to the project.
Strategic development plan: This is designed to minimize development risk, generate higher up-front margins, and reduce initial capital funding requirements, by development of the high grade DSO starter mine, followed by the Phase 2 Main Mine.
Robust project economics and access to early cash flows: Mining and selling the DSO from the starter mine, following a 3 year development period, results in significant operating cash flow which is used to fund the Phase 2 Main Mine. The initial establishment capex requirement of US$213m (100% basis) results in a rapid payback of 0.6 years and significant post-tax IRR of 106%.
Existing infrastructure & reduced risk: Close proximity to the existing Bor mine smelter provides existing infrastructure including power, road, rail, water. Though not a requirement of the Mining Law in Serbia, there is also potential to treat, as yet undefined quantities of DSO material and concentrate, at the flash smelter at RTB Bor which currently has significant spare capacity.
Cash operating costs: Low cash operating costs driven by high quality of resource base. Total payable Cu of 1.54 billion lbs and total payable Au of 744koz over life of mine. Base case C1 Costs(1) of US$0.55/lb. Fully allocated costs of US$0.97/lb.
Supportive government and jurisdiction: Serbia is pro-foreign investment and the local mining community is strongly supported at all levels in government. Mining projects in Serbia benefit from competitive fiscal and legal regulations including a net smelter return (NSR) royalty of 5% and a corporate tax of 15%.
Block Caving Opportunity: The underlying large scale Lower Zone (LZ) porphyry mineralisation, which has a current footprint of approximately 1,400m by 600m. The vertical extent of the mineralisation is unknown, as holes terminate in mineralisation. Mineralised intervals up to 900m have been reported. This presents a long term block caving opportunity.
Simon Ingram, President and CEO of Reservoir commented "The positive results of the PEA are very encouraging - particularly the fact that the project has the potential to generate extremely robust economics even at spot prices and can be fast-tracked towards early production through the starter mine and DSO operation, but with modest upfront capex. The current development plan enables Cukaru Peki to potentially emerge as one of the lowest cost high quality producing mines in the world. The Lower Zone Porphyry mineralisation presents the potential of a future long life world class development in the heart of Europe."
I too did a yes. Silver will fly it is 72 to 1 so the catch up has begun going to 15-20 to 1 by the time silver peaks in a few years. Hold on for one BIGGGGG ride jmo
VOTE, I've just submitted my yes vote. If anyone has had a change of heart, your vote can be changed up to voting cutoff date of 5/16/2016.
Yes, Claude is approaching 4.5 year highs, if SSRI did the same they would be @ $17+. I agree with you, I think $12+ could easily be in the cards for this year.
Claude/SSRI right at highs, one more penny will be new high.
It has run as I expected, think it can run quite a bit once prior highs broken
NSU Buys Out Lundin position today, NSU gives up 1/3 of Bisha, Gets 2/3s of Timok, biggest European copper discovery in decades
NSU took out Lundin's deal last second. Love the deal.
2 APR, 2016 MININGSEE
While Lundin is expecting Reservoir decision on Timok exit of Freeport and sale of rights to Lundin the stock analysts are analyzing the scenarios for the development of biggest European copper discovery in last few decades. All players involved, the Freeport and Lundin are gaining as well as the Reservoir who will remain in the project as dominant player. Surprises are possible and Reservoir may raise the necessary equity to block Lundin entrance.
Another article on NSU
Seeking Alpha, NSU has self funded from gold to copper to Zinc, impressive. Now it owns the biggest new copper deposit in Europe. Like how they keep multiplying their profits.
Sven Carlin?Follow(501 followers) (Nov 2015)
Growth at reasonable price, long-term horizon, book author, Fund Manager
Send Message
Summary
Nevsun's mine resources are at least 50% higher than officially reported, and exploration results continue to impress and show no signs of fading.
Conservative long-term estimations for copper and zinc markets are very positive, with demand increasing faster than supply for both metals.
Cash per share is $2.15 and the dividend yield is 5.33%.
Expected EPS for NSU are $0.5 a year for the next 15 years, with positive copper and zinc developments.
http://seekingalpha.com/article/3642976-nevsun-resources-high-long-term-potential-limited-downside
Nevsun Resources Ltd. (NYSEMKT:NSU) operates a mine in the Bisha mining district in Eritrea. NSU is a 60% shareholder of the Bisha Mining Share Company (BMSC) while the State-owned Eritrean National Mining Corporation (ENAMCO) owns the remaining 40% of the business. NSU is currently mining at the Bisha and Harena deposits and further exploration activity in the area has already confirmed new economic deposits at Takewuda, Asheli and Hambok.
Figure 1: NSU's Bisha VMS district exploration
Source: NSU's IR
Currently, NSU is predominantly a copper miner with the intention to start processing zinc in 2016 where full zinc production is expected in 2017. NSU's goal is to equally produce both zinc and copper for 90% of revenues plus have additional revenues from the sale of gold and silver. Production changes are not new to NSU as from 2011 to 2013, it was a predominantly gold producer. The proceeds from the gold funded the copper processing plant while now the proceeds from the copper production are funding the zinc processing plant. The zinc expansion process is on track and even a little bit ahead of schedule. Currently, it is 82% complete with procurement virtually complete. Zinc production and primary ore mining are expected to begin in Q2 2016.
Mine resources and exploration results
In figure 2, you can see the company's presentation of the life of mine estimated future payable metals. The positive issue with the below figure is that the expectations have not been adjusted since 2013, as the company is waiting for the official independent mine optimization scoping study expected to be complete in Q1 2016 along with the annual mineral resource update. Since NSU has been extremely successful with exploration results, we can expect a much better resources account and longer mine life.
Q Out, NSU crushes estimates and selling for 1.5 EV/EBITDA
They Doubled the profit est (,02 with .04 shr) and Beat Revs by about 35% (see Yahoo Estimates), its copper/gold/silver/zinc miner in Africa (Canada Company) with $438 million cash in bank. The mine is super rich, hence why at low copper prices they made so much money.
I now have a 10 Bagger+ in CLGRF, so get asked a lot, "what is the next CLGRF?" Many good ones but JMHO NSU is the most likely to 5 bag in next year. Am still very long CLGRF and expect it to run more.
Here is NSU new slide show http://www.nevsun.com/investors/ and that expands full screen
They also have tens of thousands of gold oz concentrates sitting in a pile awaiting higher gold prices. Its worth a look. Have bot a pile of it at avg 3.20s. Also they have >3 billion pounds of Zinc in the ground in same deposit and have a zinc circuit coming on 2Q-3Q The cash is most of the stock value, its dirt cheap.
Nevsun Exceeds Production Plan and Cost Guidance in Q1 2016 (out last nite)
Nevsun Resources Ltd. (TSX:NSU)(NYSE MKT:NSU) (Nevsun or the Company) is pleased to report its financial and operating results for the three months ended March 31, 2016. Unless otherwise noted, with the exception of earnings per share and realized price and cost per pound figures, all financial results are in millions of US dollars.
First quarter 2016 highlights
Continued first quartile safety performance at Bisha
Produced 34 million pounds of copper at C1 cash costs(1) of $1.12 per payable pound sold
Sold 20,000 gold equivalent ounces from stockpiles
Generated earnings per share of $0.04 and $33 million in operating income
Ended period with working capital of $483 million, including $438 million of cash
Paid quarterly dividend of $0.04 per share
Financial Review
Q1 2016 Q1 2015
Revenue (millions) $ 92.4 $ 117.2
Operating income (millions) 32.9 42.6
Net income (millions) 15.6 23.0
Net income attributable to Nevsun shareholders (millions) 7.5 12.6
Basic earnings per share attributable to Nevsun shareholders 0.04 0.06
Working capital (millions) 483.3 517.0
Copper price realized, per payable pound sold 2.20 2.49
C1 cash cost per payable pound sold(1) $ 1.12 $ 1.23
We’ve concluded another successful and profitable quarter," stated Cliff Davis, President and CEO of Nevsun. "Nevsun earned $15.6 million during Q1 2016 ($7.5 million attributable to Nevsun shareholders) or $0.04 per share. We are pleased to see the impact of our cost reduction efforts in our $1.12 C1 cash cost per payable pound sold. The zinc expansion project continues to progress well with hot ore commissioning scheduled for late Q2 2016. The project will be completed on time and well under budget. We still have not committed any of our zinc off-take so as to take advantage of the expected tightening zinc concentrate supply."
(1) C1 cash cost per payable pound sold is a non-GAAP measure – see page 12 of the Q1 2016 MD&A for a discussion of non-GAAP measure.
Operations Review
Q1 2016 Q1 2015
Ore mined, tonnes(1) 1,337,000 657,000
Waste mined, tonnes 2,028,000 3,517,000
Strip ratio, (using tonnes) 1.5 5.4
Ore milled tonnes 584,000 441,000
Copper feed grade, % 3.1 4.7
Recovery, % of copper 87.0 83.8
Copper concentrate grade, % 23.0 24.8
Copper in concentrate produced, millions of pounds 34.2 38.0
Copper in concentrate produced, tonnes 15,500 17,200
Payable copper in concentrate sold, millions of pounds(1) 34.9 47.4
Payable copper in concentrate sold, tonnes(1) 15,900 21,500
Payable gold in concentrate sold, ounces 6,000 6,900
Payable silver in concentrate sold, ounces 226,000 369,000
Ore tonnes mined for the three months ended March 31, 2016 included no oxide ore (three months ended March 31, 2015 – 11,000 tonnes), 732,000 tonnes of supergene ore (three months ended March 31, 2015 – 518,000) and 605,000 tonnes of primary ore (three months ended March 31, 2015 – 128,000).
Cliff Davis continued, “We are off to a great start to 2016 with supergene production ahead of guidance and strong demand for our gold equivalent ounces from stockpiles. The precious metal stockpiles sales confirm the marketability of this material at more favourable commercial terms than originally expected. With the strong gold and silver prices, we will prioritize shipping precious metal stockpile material over zinc concentrate to maximize earnings and cash flow.”
Conference call details
The Company will hold a conference call on Friday, April 22, 2016, at 8AM Vancouver / 11AM Toronto, New York / 4PM London, to discuss the Q1 2016 results. Please call in at least five minutes prior to the conference call start time to ensure prompt access to the conference. Dial in details are as follows:
North America: 1 888-390-0546 / +1 416-764-8688 / +1 778-383-7413
UK: 0800 652 2435 (toll free)
Other International: +1 416-764-8688 / +1 778-383-7413
The conference call will be available for replay until May 8, 2016, by calling 1 888-390-0541 / +1 416-764-8677 and entering passcode 486448.
Geo, I'm up roughly 10k instead of 15k with Claude @ 1.54, (sold Claude at 1.04, bot 60k @.545, got in late) I'm confident it will catch up though, just lagging more than Claude right now, thinly traded I think.
Conferred, I thought TGCDF has up about the same as CLGRF, but maybe not as much. Both have been making me a lot of dough.
Cheers
Momo, I sold 10% @ 1.04 and bought TGCDF and am now down $5000 compared to having done nothing. You could be right and I know it is the prudent thing to do, but so far CLGRF remains the best move I ever made, got in 3 years ago and rode it out buying on the way down and on the way up, I don't want to screw it up by selling early.
Geo, I agree, that is what I keep eluding to in all my posts, miners are coming off historical lows, IMO not to be visited again. The safe thing to do would be to take profits off the table in a normal fair valued sector, but I have been hearing that for months now. If I would have listened I would have missed out on thousands upon thousands upon thousands in profits. We do need to be cautious, but the deal hasn't even closed yet. One thing about this deal is, we have been acquired by another very under valued company so, we are experiencing a multiple bagger x2, very rare I would think, I'll admit when I'm wrong, kudos to management for this share holders dream! Now we need to hope the deal doesn't get voted down by either company's share holders.
Most Silver Stocks have tripled or more, SSRI is playing catch up, even the biggest gold miner ABX has doubled. (GPL, EZK, AUX, AG)
SSRI has only doubled from very bottom in January, another 50% or a triple from bottom would be $12 a share which would push CLGRF to $2.25
It could happen.
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Claude Resources Inc. ("Claude" and or the "Company") is a fully integrated Canadian gold exploration and mining Company that has the proven ability to "Discover, Develop & Deliver". The Company has a strong operating base and significant upside. Having been in operation during times of low gold prices, Claude has proven that it has the ability to survive challenging business environments.
Claude's asset base is located entirely in Canada and since 1991, Claude has produced over 1,000,000 ounces of gold from its Seabee Gold Operation in northeastern Saskatchewan. The Seabee Gold Operation hosts 422,900 ounces of gold Mineral Reserves and 758,100 ounces of gold in Mineral Resources. The Company also owns 100 percent of the Amisk Gold Project in northeastern Saskatchewan.
http://www.clauderesources.com
CONFERENCE CALL OF 3/31/2015 REVIEWING RESULTS OF 2014
http://podcast.newswire.ca/media/claude20150330.mp3
CONFERENCE CALL OF 3/31/2015 PDF SLIDES
http://www.clauderesources.com/images/file/Presentations/Conference%20Calls/Q4%202014%20Conference%20Call%20and%20Webcast-FINAL.pdf
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