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flemsnopes

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flemsnopes

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Friday, 05/09/2014 5:46:25 AM

Friday, May 09, 2014 5:46:25 AM

Post# of 2291
It looks like gold would have to get to about $1850/oz for CLGRF to break even, based on first quarter operating data. They appear to have enough cash to hold on for a few more quarters at the the current price level. Of course, if they can reduce costs even further, they might be able to extend that a little, and I suppose there's always the option of shutting down to save costs. Everything depends on the price of gold, in my opinion, but there is always the possibility of a wild card like a white knight buyer.

I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!

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