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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)
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To: joco who wrote (296)2/2/2003 4:13:19 PM
From: TrueScouse   of 393
 
joco:

Can't confirm or deny it, but the text of the Vanguard posting is really interesting from CBD's perspective. If it's true that the East Meliadine property (50% CBD) is immediately adjacent to this "Trust Me" portion of the Churchill diamond JV, then it really could put some focus on CBD as a potential diamond play. IMHO, CBD already has a large and economic gold resource which is not fully recognised by the market, and this could provide some icing for the cake.

As the Coffin's state: "While we consider Shear the lead choice in this new diamond play based its low capitalization, CBD and CMF as well as Northern Empire are worth watching, as results are forthcoming from the Churchill project."

Thanks for the lead on this one.

Regards,
Howy
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