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Gold/Mining/Energy : CELTIC MINERALS LTD A COMPANY TO WATCH SHORT AND LONG TERM
CME 265.49+1.0%Oct 31 9:30 AM EST

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To: John E.Quinn who wrote (701)1/17/2000 2:57:00 PM
From: 1king  Read Replies (1) of 744
 
John,

The price made a solid 30-50% jump on the Phelps rumor last year. Note there is NO public info on that drilling. The rumors had 30+m over 30% Zn. In reality the number may be ~10m at ~10%...still very encouraging.

celticm.com

Phelps is still busy in the area and that activity is rubbing off on the CME price. Probably a good bit of accumulation waiting for another Phelps hit or rumor thereof.

In the meantime a review of JLB activity shows little or no indication of "linkage" to the play. Public info-wise they have dropped off the planet and don't seem too keen to change that in the near future.

graphs.telenium.ca

Their market cap and dilution etc. are good but........
Considering the modest share price CME is a far better investment for the closeology run if Phelps hits.

All in all a positive area with good work by good people (Phelps and Thurlow) should lead to some results... if they are to be found;-)

L8R
1King
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