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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)
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To: loantech who wrote (369)7/16/2003 11:29:08 AM
From: TrueScouse  Read Replies (1) of 393
 
Tom:

Comaplex will now own 78% and CBD 22%. I don't really care who develops it as long as it gets moving! It's been very frustrating seeing this huge deposit just sitting there for a few years. CBD's recent PP has given them enough cash to bring their ownership up to 50% if they wish. Maybe this is part of the agenda?

An additional resource of this size should be worth another $1 per share IMO, but who knows if the share price will respond. CBD certainly tests your patience, but it's still my biggest holding.

Regards,
Howy
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