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News release from Insider Report prior to Moday, June 10th's opening.
>Cypango Ventures Ltd. [CAV.V]
>
>Current Price: $1.94 Cdn.
>Short term target: $4.00 (3-4 weeks)
>Long term target: $10.00+ (if they have the results)
>
>Symbol: CAV (vse)
>Hi/Low: $3.75-0.40 Cdn
>Shares issued and outstanding: 6.1 million
>F/D: 14.3 million (7.75 escrowed)
>Public Float: 2.9 million
>Money targeted for drilling this year: $5.0 million
>Current working capital: $3.4 million
>
>Cypango: 1-800-545-7214 investor relations
>
>
>This company was brought to us by the same group who gave us PYNG
>Technologies [PYT.V] which we featured at $1.33 and within one month it hit
>a high of $5.00. They feel that Cypango has the same explosive qualities,
>with a low amount of shares in the public float (less than 3 million), and
>currently trading much lower than a week ago due to last week's VSE market
>correction.
>
>The timing seems incredibly perfect to get into Cypango right now. We
>personally don't think Cypango will go lower than $2; as well, the VSE is in
>the midst of a rebound which will take the price of Cypango up quite
>quickly. Also, management of Cypango are starting promotions on Monday.
>All of these factors give us great confidence that CAV will become an almost
>instant double with excellent potential for large returns as drill results
>are announced.
>
>Below is StockLine's Report:
>
>
>The next big diamond play?? The next MPV, ABZ, KRT??
>As seen in Hot Stock Whispers and Kaisers Bottom Fishing Report
>
>
>The resource market over the past 4 trading days has taken a major
>correction with the VSE falling more than 13%. Overpriced stocks took a
>beating which dragged down most other stocks. Many analysts have been
>expecting such a correction for many weeks. What is encouraging is that the
>VSE was down 28 points on friday before rallying and closing up 27 points.
>As the market sorts itself out, it has presented a tremendous buying
>opportunity for some stocks like the undervalued diamond company Cypango
>Ventures, which is trading at half its year high!!
>
>
>
>MARKET
>
>A pound of copper is worth $1.27
>A pound of silver is worth $ 75.00
>A pound of gold is worth $ 5,644.00
>A pound of clear gem quality diamonds is worth $ 200,000.00+
>
>
>Diamond fever is running rampant. Investors have quickly found that a pound
>of high grade diamonds is worth approx. 35 times that of gold. Investors
>have also found that the first North American mine is going to become a
>reality with Dia Met and their partner BHP mining. The mine is currently
>being built and is
>estimated that it will produce 500 million dollars of diamonds a year for
>over 25 years.(Globe and Mail)
>
>Cypango Ventures has positioned itself to perhaps be one of this years
>biggest winners. Through a joint venture with Mill City/Tanqueray, Cypango
>has just recently acquired property on the border of BHP/Diamet which is
>where the first diamond mine in North America is being built. Cypango also
>has claims within 4 miles of Aber's (ABZ-TSE $24-mkt. cap 875 million)
>discovery, known to be the richest rock discovery in the NWT. Cypango also
>has claims within 7 miles of the impressive discovery for Mountain Province
>(MPV.v - $8.00). MPV have found over 6109 diamonds including over 1,404
>macrodiamonds. Approximately 80% are described as "clear and of gem quality"
>from their 5034 pipe.
>
>Cypango has embarked on a 5 million dollar drill program this year which has
>already intersected two diamondifourous pipes with diamond counts expected
>within the next 3 weeks. The stock is tight with a float of less than 3.0
>million shares.
>
>
>LAND POSITION
>
>Cypango has the LARGEST land position of any company in the NWT numbering
>over 900 claims and 2,000,000 acres. The properties are located in the Lac
>de Gras district of MacKenzie also known as the Corridor of Hope. This area
>is known as the Corridor of Hope because the diamond pipes form a
>distinctive path which drives right through the heart of Cypango's claims.
>The claims are broken down into blocks called the DA, TR, TE, ITL, FL, CJ,
>AL, and ZL claims. Currently it is the DA and AL claims that are causing
>the excitement of which the investment community will soon hear more of.
>
>DA CLAIMS
>
>The DA claims are located only 4 miles from Aber's discovery. Aber's
>discovery is the highest value rock reported in the NWT. The company has
>drilled three targets to the south of Aber after completing extensive air
>mags, sampling, testing for indicators, high intense airbornes, and ground
>testing. All three targets intercepted kimberlite. Two of the three are
>also now known to be diamondiferous (contain diamonds), with the third
>pipe's results out shortly.
>
>These pipes are currently at the lab being tested for an actual diamond
>count. These results should become available within the next THREE WEEKS.
>
>AL CLAIMS
>
>The AL claims are located within 7 miles of Mountain Province's claim with
>the AK5034 pipe which catapulted the stock from $0.45 to $9.25 last year.
>(Current $8.00) These claims have had ground sampling done which
>haveresulted in numerous diamond indicators. Management is currently
>determining targets to drill for further results.
>
>JOINT VENTURE WITH MILL CITY/TANQUERAY
>
>The strategy behind the JV according to management was to capitalize on the
>5 kimberlite pipes already found. Cypango is redrilling and testing the
>pipes because they feel the original data was incomplete. John Depuis
>company Canamera (read management) has determined that this area could be
>the real gem for the company.
>
>TR, TE, ITL, FL, CJ, and ZL CLAIMS
>
>These claims are all in their exploratory phase and will have continued
>programs throughout the year.
>
>Management
>
>Cypango's management is its hidden asset and the reason it has secured such
>an impressive land position. The company established its land position
>primarily because of John Depuis. John Depius is the owner of Canamera
>labs, one of the world's most accurate and technologically advanced lab for
>diamond drilling and bulk sampling. John Depuis was initially involved in
>staking the large part of the NWT before Debrees subsidiary Monoprose
>scooped them up. It was this initial land position that John Depuis placed
>in his company Inukshuk Capital and sold to Cypango..
>
>John was originally involved in helping Mountain Province Mining (MPV.v-250
>million market cap) secure their property which produced the AK 5034 pipe.
>It was this pipe that launched MPV to a high of $9.25 and enabled them to
>raise an additional 25 million dollars for further development.
>
>John Depuis's company Canamera Labs has one of the most sophisticated
>computer systems in the business. Canamera currently does the testing for
>Mountain Province, Lytton, and most other companies in the NWT. It is with
>this knowledge that John helped Cypango acquire the premium properties it
>has. The President is William Friesen who has been in the mining industry
>for over 10 years.
>
>
>CAV COMPARED TO KRT, MPV, ABR
>
>One of the more popular diamond companies on the Internet is Kensington
>Resources. Initially it is difficult to compare the two companies because
>they are
>quite different. Kensington has found some promising results in
>Saskatchewan with their current bulk sample. The diamonds in Saskatchewan
>are a lot different from the type of diamonds in the NWT. One of Cypango's
>real advantages is that it is in the NWT. There are many mining deposits in
>the world that have not been mined because they are not economical. If KRT
>finds enough diamonds to be a mine, it is still not proven that they can get
>it out of the ground economically. Dia Met has proven that the diamonds can
>be taken from the NWT economically by building the first mine in NA out of
>the ground economically.
>
>>From a pure market cap perspective is it clear that Cypango offers more
>leverage to the investor. Cypango's market cap is approx. $27 million
>compared to KRT's $115 million, ABZ's $840 million, and MPV's $250 million.
>Although these companies have completed more of their exploratory phase,
>Cypango has positioned its self by obtaining very strategic land positions.
>Cypango has allocated over $5.0 million dollars to exploration this year.
>That is a budget that most juniors would envy. Cypango also only has 6.1
>million shares issued with a float under 3.0 million shares.
>
>
>SUMMARY
>
>Drilling and exploration work will continue at a feverish pace over the
>summer. Diamond counts on the first two pipes should be released within the
>next two to three weeks giving investors a taste of their claims near Aber.
>Cypango has a smaller market cap than other companies around them, yet they
>have more strategic claims. As the 5.0 million dollar exploratory program
>continues the investment community will soon determine if CAV will be
>joining Aber and MPV. The company is currently trading at half its year
>high of $3.75 having been caught in the junior market correction. The stock
>is poised to explode with the current drill results being positive and
>further results from the program being disclosed. The company is also
>embarking on an aggressive public relations program to tell the world on why
>they are going to find diamonds. Cypango can shoot up to its high of 3.78
>very quickly and much beyond with positive results.
>
>
>Insider Group
>
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>
>(c) 1996 The Insider Report and the Insider Group (an anonymous
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>
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>
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>
>Because a stock is being featured in the Insider Report does not mean that
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>
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Good fortune,
JED |
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