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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)

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To: Claude Cormier who wrote (168)3/11/2000 12:42:00 PM
From: russwinter  Read Replies (1) of 393
 
Yes, the Eurozinc balance sheet item "investment" has a value of US 2 1/4 million at Friday's close. With US cash of $4.3, you've got over US$6 1/2 million. Mkt cap at 1.75 is US 31.5, net cap after cash is 25.0, and obviously they will see a good jump on last year's 3.33 million resources.

With most of the deposit near surface, cash costs should be tweeked down especially as it is expanded. What's the market's hangup, high capital costs because of remote location?
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