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Gold/Mining/Energy : Columbia Yukon Resources (A.CYR)
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To: Baba 2 who wrote (616)4/2/1998 2:17:00 PM
From: Marc Davis   of 686
 
Baba,
Nice to hear that you've 'taken the plunge' as the Alberta diamond play is very real and will continue to dominate the speculative markets until we see a resurgence in the price of gold and, to a lesser extent, copper.

It's worth noting that CYR is also more than a 'one trick pony' as it has a 710,000 acre diamond exploration project in southeastern Alberta as well as a 20% interest in the Liberty Bell gold mine near Fairibanks, Alaska. This latter venture has to date an initial resource of over 250,000 ounces of gold that has been delineated by way of extensive drilling.

So, at Can $0.25, you could argue that CYR is trading at a 'bargain-basement' price right now with its solid shot at finding potentially diamond-laced kimberlite pipes, as well as its involvement in developing a low-cost, bulk mineable gold deposit up north.. So, keep your fingers crossed and good luck. Marc
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