CVR: V Consolidated Viscount Resources - Ringer??? Message Board

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Gold/Mining/Energy : CVR: V Consolidated Viscount Resources - Ringer???

CVR 9.068

+0.8%

Nov 10 3:57 PM EST

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To: Jim Woodman who wrote (226)	4/19/1997 12:12:00 PM
From: John Stokes	of 409

Jim! I know majors with capital and good cash flow that cannot refine gold at the current price level. I don't believe that a junior such as CVR can afford to stockpile and thinking back they first stated they were planning to produce in Oct just as the gold price was beginning to dive. I suspect that the delays are tied to a hope in the increase in gold price and an instant market for cash flow. I understand the Mexican mine is not open pit but shaft and expensive to operate even though the grades are very good. I realise its a joint venture but each party has to contribute to the cost and this may be a situation where JV is detrimental.

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