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Claude Resources, Inc. Message Board

  • longtimefollower longtimefollower Apr 9, 2014 1:23 AM Flag

    The NSR. Straight from the company.

    We will, indeed, be giving 3% of our final refined ounces to Orion. The ONLY reimbursement from Orion is the cost of refining their share of the gold. (The refining costs are very nominal.)

    Therefore, One CANNOT simply multiply the $12 million received from Orion by 33.3333, and back out the amount of debt, to come up with an "overall value" of the entirety of Claude. That is a MISTAKE.

    And for those of you who think you can, good luck to ya.

    That having been said, I wouldn't own 4.7% of the company if I didn't think it was worth considerably more than the current 18 cents a share selling price. (My average cost is 22 cents, incidentally.)

    Sentiment: Strong Buy

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    • Normally more mining costs are included in this calculation, not just the refining. I think we all know that in this gold environment, $2 plus dollars is not going to happen. Realistically, a take out value in today's environment should be at book or higher. I calculate net tangible book at about $0.827. The company calculates about $0.76.

 
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