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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: Steve Huskey who wrote (328)7/23/1997 11:56:00 AM
From: Francis Scavo   of 501
 
Steve,
We will take this point by point.
1. Don't think the 160 tons of product is 1 month's supply. Is this not what they where stockpileing?
2. Lbs should be 2000 or 2200
3. Profit per lb. $10? If this is correct, and it is anybody's guess. They should have been making a profit last Quarter.
4.They are not getting PENNY #1 from the copper. You can check with the co. I think I am right.
5. Cobalt price X 75% is what was posted by someone.
6.It could go to 0. When they start dumping again are you going to step up and buy?
Francis
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