from Yahoo board:
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Article like one over a year ago which prived wrong. There is a response up at same link now. Too big for here.
Highlights: So maybe the 2 best exploration drill holes ever in 20 years, found a long ways from current deposit at Santoy Gap, and no drilling since. They will start drilling that bonanza grade area (330 grams/ton)and do real exploration drilling around Santoy Gap in next few weeks. So again, just IMHO Santoy Gap is the strongest part of Claude, in terms of increasing gold reserves. They may in just one year find 1,000,000 new ounces if they drill enough and the two wonderful holes were not a statistical flukes.
About a year ago some else here posted an article thinking that Claude was highgrading the mine as grades were going up. They thought it might ruin the company by now. Since then the opposite has happened, grades have gone up much higher than then, and record production has happened. The Santoy Gap has been under appreciated by the market, but even so, because of it, Claude became the #1 Canadian gold stock, gain wise, as recognized by TheStreet a few months ago.
The current run rate for Claude is a 2 P/E ratio, they are making about $1million a week in profits, and in next few weeks they will restart exploration drilling at Santoy Gap. Things look very good here, so have been buying it this week.
And for the record, grades are so good in last Q I doubt they will stay that high, but do expect CLGRF to continue to be a money machine.
