Claude Resources Hostile Offer For St. Eugene

http://www.thestarphoenix.com/Claude+seeking+Eugene/5112307/story.html

Creamer's Mining Weekly

"Tom Fitzpatrick, CitiFX's chief technical strategist, said that the next move should be similar to gold's rallies from July to December in 2010, and also from January to May this year. In both periods, the metal rose between $250 and $275 in about five months.

"We would be looking at $1 700 to 1 750 an ounce in the next two to three months," he said."

http://www.miningweekly.com/article/gold-charts-point-to-record-1-700-1-750oz-2011-07-15

If GBN.V gets an average of $1750/oz. U.S., they could throw "everything and the kitchen sink" at their mining project and still only spend half the money.

-F6