Claude Resources, Inc. (fka CLGRF)

[jsc52033]

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