Canuc Resources Inc. Message Board

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Gold/Mining/Energy : Canuc Resources Inc.

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To: David Harrison who wrote (66)	4/11/1997 10:03:00 PM
From: Joseph C. Goldenberg	of 176

I suspect that in terms of marketing Canuc has missed the boat. There is no fund that would touch an unlisted junior with no proven reserves in this bxm shattered market. Managment (at least Hub) has always felt that he has a mine to develop and that the shares will eventually be recognized for their value. On that basis I agree we'll get credibility from the Major but no real price rise unless there are good assays and proven reserves. The likelihood of gaining credibility through a TSE listing is in my opinion not on the near horizon. Todays Toronto Star had a column indicating a tightening of requirements so I doubt we'd qualify. If there is a deal I think we're still in for a year or more before the stock appreciates significantly and that dependent on the assays and reserves that are proven up.

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