Canuc Resources Inc. Message Board

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Gold/Mining/Energy : Canuc Resources Inc.

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To: Winzer who wrote (129)	6/26/1997 11:24:00 PM
From: Joseph C. Goldenberg	of 176

The latest news release indicates a resource of 5.5 to 6 million ounces covering about 40% of the mineralized area It sounds like 10 million to 15 million is a real possibility. Canuc's share would be 40% of that. Let's say 4 million to 6 million. Using $50 an ounce the share value on 40 million shares should be between $5 and $10 per share. If the price of gold doesn't fall through the floor and if the cost of production is modest the shares could be worth $10-$20. Where have I gone wrong? Tell me. If only we were in last years market. The only other news that I can think of for the annual meeting might involve Northfield or perhaps some update on the listing or perhaps a new director or officer to get really involved in PR.

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