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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)
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To: TheBusDriver who wrote (342)6/17/2003 12:56:16 PM
From: GeoDude  Read Replies (1) of 393
 
Wayne,

I am just being skeptical because the odds of finding an economic kimberlite when indicator minerals are "great" is slim (like one in 50 or 100). When you have no or little indicator mineral data, the odds are abysmal ... When you drill anything that looks like a pipe without further data puts you in the second category.

Having said that, I have no issues with management. From a strategic perspective, drilling pipes blindly is probably/possibly cheaper than doing extensive field work and then drilling ... But if they have data, they should show it !!!

I bought CBD for their gold assets and do not have high expectations on their diamond program ... but I'd rather be lucky than good :-)
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