Monday, January 20, 2014

Claude Resources - CRJ.t gets wet noodle award

Claude Resources Inc. has filed its updated National Instrument 43-101 technical report for the Seabee gold operation in support of the company's news release on Nov. 7, 2013. A copy of the document is available on SEDAR and on the company's website. Highlights include:"

## Seabee gold operation mineral reserves increased by 78 per cent to 554,100 ounces of gold;
##Initial mineral reserves of 243,000 ounces of gold at 6.24 grams per tonne at the Santoy Gap deposit."

So whats the deal this time?

The simple and critical assumption here is that the price of Gold is at $ 1500. USUALLY a public company shoots for a "conservative" number in order to make the presented numbers more credible. In this case that number is stupid, stupid high making EVERY ONE of the following assumptions fully and completely bogus.

This insulting bullchit is Venture promo for dopos 101 and we have it coming from a TSE listed producer who is obviously on the massive skids. With no question whatever this high cost producer is in serious trouble. That fact is fully confirmed by 1000% INcredible numbers from a management that seems to be bending over backwards to cloud the truth.