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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: Tom McIlwain who wrote (201)4/22/1997 5:20:00 PM
From: Thomas J. Benthall   of 501
 
Tom,

Thanks for posting #201. It was great. You're right, "knowledge is power". Boy, was I dumb for not seeing what was going on. But that's okay, I'm feeling a little smarter today.

As far as the $11/lb. break even and the 75% cobalt are concerned this was known back in January. Plans for the future are for 100% pure cobalt. This was known in January also. Stockpiling cobalt? To me that's like money in the bank. I just wish I knew how much.

So, as I see it, nothing has changed fundamentally for the worst since the financing. So why not $8/sh. I felt it was worth it then.

I just wish I knew how much longer the conversion will go on.

Buena Suerte,

Thomas
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