St. Jude Resources......V.SJD Message Board

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Gold/Mining/Energy : St. Jude Resources......V.SJD

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To: AH who wrote (2804)	2/3/2000 9:01:00 PM
From: rdww	of 3065

true - POG smells bad - but have a look at PELE - they did a bulk sample - processed it and they are gonna do it again. Market has taken the stock from .25 (and lower in Dec) up to .70 today. These guys have 3 100% oewned properties in Ont of all places. They are gonna work on the one with near surface gold and bulk it to the nearest smelter and make some $$. Why does this story sound like SJD? Only difference is - PELE has way less cash, more properties (past producing mine w/ inferred res as well), less chairs (LOL), a winter environment to work in, and deal w/ the swell OTC. I got another junior that has been quietly working with very little money the past 3 yrs and now is set to reopen a past producing mine in the US. These guys have ore that is valued at $500-700 per ton (Zn/Lb/Ag) and have gotten this operation running on less than SJD's entire cash position, in the same mining environment that SJD has operated 1 drill rig in! Heck even GSR has survived and is coming back. I figgered them for dead. PFG has less $$ than SJD and has continued to work and look for and make deals on properties. But then PFG has the smarts to see something in a property and work it and promote it. SJD has this property by luck I swear and hasn't the darndest idea how to promote it. It takes Crew to come along and make up some calc's for the mkt. So it has been ugly - but there are people that have been doing stuff and are gonna make some $$ faster than SJD is gonna pull the rabbit outta the hat. SJD has seen higher prices - but that was also an environment that gave credence to higher prices. SJD will not see these days again for 2 reasons. 1 - the environment of $300 gold and 2 - the movers and shakers behind the stock have long deserted Mike and SJD, and aren't coming back any time soon. I'd look for the white knight.

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