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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: 1st.mate who wrote (60528)	12/5/2002 4:01:58 PM
From: Chad Barrett	Read Replies (2) of 62347

Kaiser says fly Southwestern to $10 or $15 2002-12-05 11:10 PT - In the News John Kaiser writes in a Dec. 4 Bottom-Fish Tracker that Southwestern Resources (then $5.35) doubled on 499,800 shares Dec. 3 after the company released results from a tunnel sampling program on the Boka gold project in Yunnan, China. Mr. Kaiser recommended the stock in December, 1999, at $4.50, saying that while $4.50 is well out of his usual range, it was not expensive considering its assets (including $21-million in working capital), story, management and structure; the treasury is now at about $6-million. What caught the market's attention was one tunnel where channel samples averaged 75.2 grams per tonne over 34.5 metres, or about 2.4 ounces per tonne gold which at $320 gold represents a rock value of $768 per tonne. More importantly, the individual samples ranged from a low of 3.2 g/t over three metres to a staggering 374.4 g/t gold and 117.1 g/t silver over three metres. "That is 12 ounces gold per tonne or $3,800 rock!" he says. As a result, he calls Southwestern a "Spec Cycle 100% Hold" with the expectation that this will very quickly become a $10 to $15 stock -- notwithstanding the title and political risks involved with any China gold play.

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