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Claude Resources Inc. (AMEX: CGR) Has Top Business Picks from Canada’s Basic Materials Sector

The Basic Materials Sector has acquired renewed importance of late for North American stock investors. Precious metals and energy stocks provide refuge for capital looking for ways to retain value. This company is based in Saskatoon and has its exploration as well as mining rights in Canada.

The ownership and asset structures offer protection to stock investors who worry about security in third world countries. Abundant demand for gold, oil, and natural gas within North America effectively isolates the company from adverse geo-political developments, and also from dollar depreciation. That is why the stock represents such high value for investors in search of stable small capital entry routes into the Basic Materials Sector.

2008 is off to an encouraging start for the company. The management used the last day of calendar year 2007 to announce a sale of royalties related to one of its working gold mines. The arrangement yielded income of more than $25 million, exclusive of interest for over a decade. The company has reported drilling results from the area around this mine during early February 2008. 2007 explorations have established extensive mineral deposits in the drilled area.

The management has also announced, over the last 30 days, similarly encouraging results from drilling activities at two more of its properties. These results augur well for the future of the stock. The company has a secure balance sheet with a Total Debt to Equity during the Most Recent Quarter of just 0.10.

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