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Gold/Mining/Energy : Canuc Resources Inc.

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To: Steve Johnston who wrote (61)4/8/1997 10:34:00 PM
From: Winzer   of 176
 
Steve, The Recent Stock Perfomance is Proof Positive of Your Statements.

I really have not spoken to Hub in a while and cannot debate your position. However, having followed this company for so many years, I
inclined to believe that the fact that a "selected group" was given access to the "war room" could indicate that the Company was plesantly suprised with the contents of this ore body.

I am still holding firm to the position that once you get a property that has been mined "even by primitive means", there is a good indication that there is something there. And when I talked to Hub last year at this time and he said that this is "big" I knew him well enough to know that this is serious stuff.

Getting back to the term "selected group", I would also read into this that Cannc had the "luxury" and picking and choosing who they want to be in with. I.e. a short list of Canuc's doing. Conversely it could also mean that there were few companies to choose from.

Hub is a geologist of much experience and must know what he is doing.
I'm inclined to believe that we are seeing the "extremely poor market conditions" expected from a post Bre-X market.

Cheers Winzer
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