real reasons for owning CRJ.TO (CGR in u.s.) are two:

1. the 100 percent owned madsen property with three old high grade gold mines on it that is all a stone's throw away from goldcorp red lake mine, the place where they found out the gold runs deep in red lake and gets better the deeper u go. claude owns a dormant mill and tailings pond there which are already permitted, and is currently dewatering and renovating the 4,000 foot deep shaft. i believe they have already identified 1 million oz of gold proximal to the shaft.

2. bob buchan's purchase of more than 10 percent of claude as of late 09. he is the founder of kinross gold, so he knows a few things about rollups. lol. he is currently exec chairman of allied nevada, a u.s.$1.23 billion market cap stock that needs a second act.... being on claude's board gives buchan total access to information, a significant edge if you are also involved in deciding whether to acquire...

my prediction is that allied nevada will acquire claude in a stock deal. buchan is simply front running that deal, although i do not mean that term in any illegal way. it is totally legal and smart and i hope it happens!!!

if it does, my net worth goes up.