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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Claude Cormier who wrote (20609)	9/17/2003 12:52:28 PM
From: Jim Willie CB	Read Replies (2) of 39344

Appel: "Cardero Resources has doubled in price in the past month for no obvious reason. Their La Providencia project will see resumed work in the next few weeks, but it still remains to be seen if they will meet with success. A recent news release by Far West Mining (FWM TSE-V) may be the reason for the incredible renewed interest in Cardero. Far West announced a major iron oxide hosted copper-gold discovery in northern Chile. Cardero has amassed an enormous land position in the Baja Peninsula. This is a long distance as the crow flies but it is not in a geological sense. The geology of their land holdings appears to be of similar origin to that of a number of major producing mines along the western portion of Chile. It is postulated that Cardero’s holdings in the Baja are an extension of this belt. Further, it appears that Anglo American, Cardero’s joint-venture partner in this area, similarly believes in this potential." financialinsights.org

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