CUMBERLAND RESOURCES (CBD) Message Board

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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)

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To: russwinter who wrote (167)	3/11/2000 12:00:00 PM
From: Claude Cormier	Read Replies (1) of 393

russwinter I don't think CBD has eliminated any options but... I feel that either WMC will bid for all of CBD or CBD will go on its own and keep its 22% in Meliadine. I doubt they would sell it and try to operate Meadowbank. Don't forget they are carried to production on Meliadine which means big cash flows in 5+ years. I talk a one of the VP a while ago and felt that this was how they were thinking. But their plan may have changed. No matter which way they go.... the stock is real cheap. The last count was 3.3M ounces of high grade stuff costing $!50/ounce... add to this their 11% in Eurozinc and $5-6M cash and you are paying much less than $10 per ounce that are almost proven. Francisco is one that difinitely falls into the camp of the exlorationists "only". Have you study their recent acquisition: Marlin ?

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