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Gold/Mining/Energy : Best buys in current market
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To: StockJock-e who wrote ()4/7/1997 12:20:00 AM
From: Stu Lorencz   of 210
 
To All:

I am sick of having every corrupt dictator in the world (and some in Toronto) try to steal anything we invest in that looks like it may turn out good. We put our investment dollars in these foreign lands and accomplish in 3 or 4 years what they couldn't in 100 and they crap on us.

Perhaps it is time to take a step back from these corruption-prone areas and return to
good old North America for our mining investments. This is the course of action I have
chosen and am now 100% invested at home where I can watch things in my chosen
companies a little easier. I'm not trying to say that you can't still lose big time, but even
if there is trouble it seems to work itself out eventually; usually with a lot of pushing and
shoving by the VSE. (which I wish to reserve judgement on)

One such investment that I have found interesting and profitable even after going
through a VSE induced trading halt for 5 months is a company that I would like to
draw to your attention with your leave.
The company is CHANDELEUR BAY PRODUCTION COMPANY which trades
on the VSE under the symbol CYJ with app. 23,000,000 shares outstanding. They
have some excellent properties in Arizona and California (right in the Motherlode) and
even have a play in Voisey's Bay if you enjoy the base metals. Their stock was halted
for a 5 month period last year due to an indiscretion by one of it's directors. Though
this action was unknown and unsanctioned by the company, it still caused a halt while
the VSE investigated. The director and the matter were dealt with to the VSE's
satisfaction and the stock returned to trade very strongly this winter as it is now.

The extremely interesting thing about the halt is that while trading was halted, the
company kept right on operating and aquiring properties and in fact released some
phenominal drill results on some of their B.C. properties while under full scrutiny of the
VSE investigators. I guess you can believe results released under these conditions.

I urge you to perform your DD on the company before investing but check them out on
the Chandeleur Bay thread here on SI. The results I mentioned are in the area of 3.24
OZ GOLD PER TON and 0.7 OZ SILVER. Newly released results from their latest
drill samples from Arizona average .459 OZ GOLD and 1.66 OZ SILVER PER TON
over 34 FEET!! The stock has moved from the mid 30s to 74 cents in the last couple
of months and has endured through the Bre-X fiasco.

Regards and happy investing;
Stu Lorencz
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