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Gold/Mining/Energy : Canuc Resources Inc.
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To: Winzer who wrote (90)4/27/1997 9:52:00 PM
From: Winzer   of 176
 
Continuing On With The Discussion I had With Hub. He Offered a Very Convincing Arguement for how the now infamous "two holes which dragged down the company's shareprice" came about. Your Comments Are Welcome.

Basically, from what I can recall/understand from the conversation, it all boiled down to the way the sample was assayed. I guess when you do an assay of a sample containing VG, you have to alert the lab of this or else you run the risk of sample vapourization. That is if you don't watch the temperature you can produce poor results. Which is what happened in this case.

This is why the second sample produced much better results. If you follow this logic and/or buy this explanation or not, I guess the JV could care less. They have concluded a deal to the benefit of Canuc shareholders which should be released this coming week. What is important/encouraging is that it appears that the JV partner has bought this explanation and it's their "big bucks" that is in on the line here. So I hope that next week will be an interesting one for Canuc shareholders. Canuc is also anxious to see the share price appreciate and get some return for insiders and shareholders.

Winzer would like to take this opportunity to apologize to the JV partner for any "anxious moments" caused with the recent "guess the JV partner contest". Hope that this coming week will be rewarding for all parties concerned.

Cheers WInzer
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