Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: T L Comiskey who wrote (30439)	10/23/2003 6:04:57 PM
From: Jim Willie CB	Read Replies (1) of 89467

load up with Cardero (CDU.V=CUEAF), breaking upside soon put down your useless political cesspool discussions and lay down some hard money on this little dynamo it could gain 50% before January is passed she's gonna attack old highs and surpass them shortly this company is shaping up to be a 3-trick pony 1. silver in Argentina 2. gold in Baja Mexico 3. gold in Peru it is all coming together Steve Saville loves Cardero: Cardero Resource (TSXV: CDU). We suggested buying CDU at C$1.80, 1.35, 0.83, 1.20 and, most recently, on a pullback to 1.50 (a pullback that never occurred). CDU has treated its shareholders to a roller-coaster ride over the past few months, but with the stock now trading at 1.85 anyone who bought CDU as a result of our recommendations should have a profit. A few weeks ago we mentioned C$2.00 as a short-term upside target for CDU and this target is now within reach. We wouldn't, however, be enthusiastic sellers of the stock at that level. From a technical perspective C$2.50 looks achievable over the next few months, but longer-term this stock has much greater upside potential. CDU is not a typical TSI stock because the company has no defined resources. It is therefore not possible for us to crunch some numbers and come up with a valuation for the stock. It is a pure exploration play and is thus very risky, but its chances of success are a lot higher than is the case with most exploration plays. In particular, although its Argentine silver project was the main reason for our original recommendation of the stock and continues to be an interesting prospect, CDU's greatest opportunity now appears to lie with its joint venture with Anglo American in Mexico. As part of this joint venture Anglo are backing an exploration program with the goal of finding substantial IOCG (iron-oxide-copper-gold) deposits. Based on the large size of the geological team allocated by Anglo to this project it is clear that they see great potential. speculative-investor.com / jim

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