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Gold/Mining/Energy : Best buys in current market
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To: StockJock-e who wrote ()3/28/1997 8:45:00 PM
From: Rob Lawrence   of 210
 
StockJock-e:

With out a doubt Corriente Resources is a major buy. I previously owned and wish I still did but this will be a prime opportunity to get back in at these prices.

Stellar management that is squeaky clean and BHP that has control over the copper exploration on its properties which really removes the junior company from any suspicion. CTQ has 20 million in the bank and have 3 other properties that they are drilling now that any other junior would kill to have. This stock dropped a long ways for no good reason. One other thing--Bob Bishop loves this stock--we all know what his cheerleading can do for a stock. When this mess settles down you can bet he alone can return the price to the $18-$19 range it was at 10 days ago.

It is currently in the $13 range and it hit $12.50 on Thursday. It has not been that low for several months since the first news from BHP. If they release one more positive shred of news it will worth over $20 and they are a major take-over target in the next 12 months. With every hole they drill on these other properties that just adds to the value of their other property with the billion ton copper deposit that BHP, their JV partner, is drilling as we speak. Few bargains like this one in my opinion--I wish I had some more money!

ESX Resources is also another buy. It has some great properties and 15 million in the bank. They weathered the storm of the past few days better than some others though. It sits at about 2.70 and was $4 just a few weeks ago--I already have some of this and might get some more.
Rob
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