Replies to post #2110 on Claude Resources, Inc. (fka CLGRF)

[ConferredDiligence]

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

[tsoprano-1]

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

[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