Cadre Resources (CSL.V) Awaiting production #'s and Financ Message Board

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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ

CSL 322.10

-0.5%

Dec 8 4:00 PM EST

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To: William Puget who wrote (688)	7/29/1999 10:08:00 PM
From: Francis R. Biscan Jr.	of 1285

Good evening William, >>Are these your calculations or are they numbers provided by the company? Where did the source for these projections come from?<< These are my numbers. The sources of information are many, which include some of the original test work and studies that were completed and conversations with one of the geologists that were involved in the beginning. Keep in mind, as I have always said, these are "best estimates". They are only intended to give a general idea of what potential the project holds. But with that said, I have found nobody, including people far more knowledgeable then me, who can dispute them. The numbers we all want to see, is Tecks. >>It seems to me that if these are factual numbers that: 1)Teck would be investing heavily in Cadre as would Martin Marietta.<< Teck is investing as heavily as is prudent. Should they take a position in a company when they have not even completed an evaluation of the project ?? >>2) The public would also be investing heavily in Cadre<< 99% of the public has no idea who Cadre is and it shows. >>3)Institutions and funds would be investing in Cadre.<< We will see what happens when the report is complete. I do know there is interest, but there is also guidelines that have to be met....we'll see. Have a good night, Rich

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