Cadre Resources (CSL.V) Awaiting production #'s and Financ Message Board

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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ

CSL 318.48

+0.6%

Nov 7 4:00 PM EST

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To: marcos who wrote (1075)	12/16/2003 11:33:04 AM
From: TrueScouse	of 1285

Marcos: Sorry I haven't responded to your various posts about the situation in Venezuela, Cadre, etc. Check out my tongue in cheek post on P&BMI... Message 19602239 Seriously though <g>, I think they're very close to getting the permit. They must be pretty serious to issue a PR stating: "The Application, including the concession layouts has been verbally accepted by the MEM. The Company has been advised by its agent to expect written official confirmation shortly." Meanwhile, the project economics seem to be as robust as ever -- although this is what Bateman's FS would prove or disprove. A project with a NPV of $228 million US for a company with a market cap of less than $2 million CDN would be quite something! Meanwhile, where are things up to with the referendum? Best regards, Howy

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