Cadre Resources (CSL.V) Awaiting production #'s and Financ Message Board

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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ

CSL 331.04

-0.9%

Dec 12 4:00 PM EST

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To: marcos who wrote (912)	9/19/2001 2:14:53 PM
From: TrueScouse	Read Replies (1) of 1285

I got a copy of the new business plan from the company today. Makes good reading. The focus is very much on Cadre's dredging process helping to clean up the mercury pollution in the Lower Caroni. It states that existing mining concessions are not being renewed by the Venezuelan government precisely because of this pollution and that CSL will be well placed to take on these concessions after the bankable feasibility study is completed by Bateman. So, they just need to raise the $750,000 for the study.... :^) BTW, the plan also has some good "educational" stuff in it about different mining processes. It's aimed very much at investors new to the mining industry. And there's no hype around future cash flow, potential share prices, etc., as in their previous business plans. I'm quite impressed... Regards, Howy

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